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Q: Might a policymakers choose a steady state with more capital than in the golden rule steady state with less capital than in the golden rule steady state explain your answer?
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Why might an economic policy maker choose the golden rule level of capital?

The golden-rule level is the steady state of capital which maximizes consumption. Since policy makers are concerned with the economic wellbeing of the people then naturally they would choose the one which maximizes consumption so people are better off.


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Was Golden Colorado ever the capital of Colorado?

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