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Assume an economy is currently at the Golden Rule steady state. Both the population growth rate and the technology progress increase from 1% to 2%.
Assume an economy is currently at the Golden Rule steady state. Both the population growth rate and the technology progress increase from 1% to 2%. How should the depreciation rate be adjusted to maintain the economy at the Golden Rule level? decrease 1 percentage point increase 1 percentage point increase 2 percentage points remain the same decrease 2 percentage points
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
