6. If the economy has more capital than in the Golden Rule steady state, reducing the saving...

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6. If the economy has more capital than in the Golden Rule steady state, reducing the saving rate will steady-state income and steady-state consumption.

a. increase, increase

b. increase, decrease

c. decrease, increase

d. decrease, decrease

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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