Lecture 3 38

Lecture 3 38 - rate. How can this be achieved? 1. Changes...

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Capital Stock and Welfare of the People d k f gold = ) ( ' Thus to maximise consumption per capita, the policymaker would choose the level of capital such that its marginal product equals to the depreciation
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Unformatted text preview: rate. How can this be achieved? 1. Changes the depreciation rate? (unrealistic) 2. Changes the savings rate...
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This note was uploaded on 04/03/2011 for the course ECON 2021 taught by Professor Mok during the Spring '11 term at HKU.

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