Question
What is The Golden Rule? Why is the term Golden Rule applied to the Golden Rule Steady State of y* and k*? (Note: the answer
What is "The Golden Rule"?
Why is the term "Golden Rule" applied to the Golden Rule Steady State of y* and k*?
(Note: the answer is not "that level of Y/L and K/L that maximizes consumption per worker, C/L!)
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Using Econometrics A Practical Guide
Authors: A. H. Studenmund
7th edition
013418274X, 978-0134182742
