Asked by Thomas Ombeni
In the solow growth model, suppose initially that the economy is in its steady state, in which the saving rate is lower than the golden rule saving rate. Suppose saving rate is changed to the golden rule saving rate. With aid of diagram explain the effect of that change on consumption
Answers
There are no human answers yet.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.