=+ d. What will the capitaloutput ratio be at the Golden Rule steady state? (Hint: For the

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d. What will the capital–output ratio be at the Golden Rule steady state? (Hint: For the Cobb–Douglas production function, the capital–output ratio is related to the marginal product of capital.)

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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