Problem
1. What distinguishes the Golden Rule capitallabor ratio from other possible capital-labor ratios? What determines whether the economy will operate at the Golden Rule capitallabor ratio?
2. What would be the consequences for future generations of a saving rate that is lower than the Golden Rule level of the savings rate?
3. What would be the effect on the Golden Rule capital-labor ratio of an increase in the population growth rate?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.