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Business, 09.04.2021 04:20 BallerAlert1644

If an economy is in a steady state with no population growth or technological change, and the marginal product of capital is less than the depreciation rate: A) the economy is following the Golden Rule.

B) steady-state consumption per worker would be higher in a steady state with a lower saving rate.

C) steady-state consumption per worker would be higher in a steady state with a higher saving rate.

D) the depreciation rate should be decreased to achieve the Golden Rule level of consumption per worker.

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