Question: n ing question in about 3-5 paragraphs. This assignment is closed book/closed note and should be taken anyone who has not taken the exam or

n ing question in about 3-5 paragraphs. This assignment is closed book/closed note and should be taken anyone who has not taken the exam or completed this assignment. By submitting your essay you affirm eph Schumpeter thought Capitalism could be dynamic and innovative, but why it would ultimately result i e think that Socialism would be a positive result for society? Briefly explain your

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=+ a. What must the saving rate be in the initial steady state? [Hint: Use the steady-state relationship, sy = ( + n + g)k.]

=+ a. The capitaloutput ratio is constant.

=+ e. What must the saving rate be to reach the Golden Rule steady state?