Saving rate is initially greater than golden rule

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Reference no: EM131386669

Suppose the saving rate is initially greater than the golden rule saving rate. We know with certainty that an increase in the saving rate will cause

a reduction in consumption per worker.

a reduction in output per worker.

an increase in the rate of growth in the long run.

all of the above

none of the above

Reference no: EM131386669

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