{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Lecture 3 35

Lecture 3 35 - equilibrium such that consumption is highest...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Capital Stock and Welfare of the People What would you care as an individual: a) The level of capital stock I use? b) The level of consumption I enjoy? A benevolent policymaker would choose the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: equilibrium such that consumption is highest. Such level of capital is called the “ Golden Rule level of Capital ”...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online