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Which of the following is/are true according to the Solow model (assume g=0 and E is normalized to 1)? 1. The Golden Rule of savings

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Which of the following is/are true according to the Solow model (assume g=0 and E is normalized to 1)? 1. The Golden Rule of savings gives the highest steady state level of consumption per capita among all steady states achieved by other savings rates. Il. The Golden Rule of savings gives 0% steady state growth rate of real GDP per capita. Select one: O A. Only'l is true. O B. Only ll is true. O C. Both of the above are true. O D. None of the above is true

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