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Why might an economic policy maker choose the golden rule level of capital?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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When did Commission on Foreign Economic Policy end?
Commission on Foreign Economic Policy ended in 1954.
A laissez faire economic policy would .?
A laissez faire policy is when the government won't interfere beyond necessary with the business or trade in economic affairs. Laissez faire translated to English means "let go" or "let do". This can be expanded to "Let people do as they please/choose". A laissez faire economic policy would: Allow the economy to fix itself. Advocate markets without government interference. Not interfere with transactions among the public (no taxes or tariffs). Limit the role of the state in economic and other policy.
What would a laissez faire economic policy do?
A laissez faire policy is when the government won't interfere beyond necessary with the business or trade in economic affairs. Laissez faire translated to English means "let go" or "let do". This can be expanded to "Let people do as they please/choose". A laissez faire economic policy would: Allow the economy to fix itself. Advocate markets without government interference. Not interfere with transactions among the public (no taxes or tariffs). Limit the role of the state in economic and other policy.
Impossible trinity in economics?
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