Might a policymaker choose a steady state with more capital than in the Golden Rule steady state?

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Might a policymaker choose a steady state with more capital than in the Golden Rule steady state? With less capital than in the Golden Rule steady state? Explain your answers.

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Macroeconomics

ISBN: 978-1464168505

5th Canadian Edition

Authors: N. Gregory Mankiw, William M. Scarth

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Question Posted: Dec 31, 2015 01:35 AM

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Might a policymaker choose a steady state with more capital than in the Golden Rule steady state?

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When the economy begins above the Golden Rule level of capital reaching the Golden Rule level l...View the full answer

Macroeconomics

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