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If an economy with no population growth or technological change has a steady-state MPK of 0.125, a depreciation rate of 0.1, and a saving rate of 0.225, then the steady-state capital stock: A. equals

If an economy with no population growth or technological change has a steady-state MPK of
0.125, a depreciation rate of 0.1, and a saving rate of 0.225, then the steady-state capital stock:
A. equals the Golden Rule level.
B. is less than the Golden Rule level.
C. is greater than the Golden Rule level.
D. could be either above or below the Golden Rule level.

Apr 13 2021 View more View Less

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