【单选题】If an economy is in a steady state with no population growth or technological change and the marginal product of capital is less than the depreciation rate:
A.
the economy is following the Golden Rule.
B.
steady-state consumption per worker would be higher in a steady state with a lower saving rate.
C.
steady-state consumption per worker would be higher in a steady state with a higher saving rate.
D.
the depreciation rate should be decreased to achieve the Golden Rule level of consumption per worker.
【单选题】If an economy is in a steady state with no population growth or technological change and the capital stock is below the Golden Rule:
A.
a policymaker should definitely take all possible steps to increase the saving rate.
B.
if the saving rate is increased, output and consumption per capita will both rise, both in the short and long runs.
C.
if the saving rate is increased, output per capita will at first decline and then rise above its initial level, and consumption per capita will rise both in the short and long runs.
D.
if the saving rate is increased, output per capita will rise and consumption per capita will first decline and then rise above its initial level.