Suppose that the U.S. is currently in steady state. As an advisor to the president you have been tasked with increasing long-run consumption per worker. The president has asked you for your advice on how to achieve this goal, while minimizing any negative impact on the consumption of the current generation of the population. True or false. You would be fortunate (and your job would be easy) if the current savings rate is above the golden rule savings rate.
A) True
B) False