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love
 4 years ago
I know its a microeconomics study group. But can someone tell me what happen in solow model when saving rate equals 1. In reality, thats not possible but solow model says there will be a golden point. But won't that country would just cease to exist if saving rate equals 1 and consumption goes to zero.
love
 4 years ago
I know its a microeconomics study group. But can someone tell me what happen in solow model when saving rate equals 1. In reality, thats not possible but solow model says there will be a golden point. But won't that country would just cease to exist if saving rate equals 1 and consumption goes to zero.

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