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Assume that the economy is in the steady state, and that the savings rate is above the Golden Rule savings rate. Moving the economy to

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Assume that the economy is in the steady state, and that the savings rate is above the Golden Rule savings rate. Moving the economy to the Golden Rule level will (hint: keep in mind that welfare is measured by consumption per worker) None of the above Worsen welfare for both current and future generations Improve welfare for current and future generations Improve welfare for current generations, but not for future generations Improve welfare for future generations, but not for current generations

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