If an economy is in a steady state with a saving rate below the Golden Rule level, efforts to increase the saving rate result in:

Group of answer choices

lower per-capita output and higher per-capita depreciation.

higher per-capita output and lower per-capita depreciation.

both higher per-capita output and higher per-capita depreciation, but the increase in per-capita depreciation would be greater.

both higher per-capita output and higher per-capita depreciation, but the increase in per-capita output would be greater.

Then Suppose an economy is initially in a steady state with capital per worker exceeding the Golden Rule level. If the saving rate falls to a rate consistent with the Golden Rule, then in the transition to the new steady state, consumption per worker will:

Group of answer choices

first fall below then rise above the initial level.

first rise above then fall below the initial level.

always be lower than the initial level.

always exceed the initial level.