Question
In the closed economy growth model, if you keep increasing the savings rate, consumption per capita will begin to fall (Golden Rule). Does this happen
In the closed economy growth model, if you keep increasing the savings rate, consumption per capita will begin to fall (Golden Rule). Does this happen in the open economy?
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Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics
Authors: Alfred Endres, Volker Radke
1st edition
364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925
