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Assume a Cobb-Douglas production function F(K,L) = KL-* with 0 < x < 1, which means f(k) = ka. (f) [4 marks] Does the
Assume a Cobb-Douglas production function F(K,L) = KL-* with 0 < x < 1, which means f(k) = ka. (f) [4 marks] Does the saving rate SGR needed for the Golden rule rise, remain the same, or fall when climate change increases 8? Explain your argument.
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When climate change increases the saving rate needed for the Golden rule falls Heres why Golden Rule ...
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
