Economics · Economic Growth
The Golden Rule rate of savings refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1That level of savings which is the maximum possible achievable in an economy
- 2That level of savings rate where consumption is maximised at the steady state✓
- 3That level of savings rate where consumption is minimised at the steady state
- 4Any level of savings rate that achieves full employment
Correct answer
That level of savings rate where consumption is maximised at the steady state
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