2610EconomicsMedium
The golden-rule saving rate is the rate of saving that?
Amaximizes the level of long-run investment
Bgets the highest rate of interest
Cmaximizes the level of long-run consumption
Dmaximizes human capital
Correct answer
C. maximizes the level of long-run consumption
Explanation
The correct answer is maximizes the level of long-run consumption.