According to Abel, Bernanke and Croushore, steady state consumption in the Solow

Question

According to Abel, Bernanke and Croushore, steady state consumption in the Solow model is equal to A. (n-d)k D. E. None of the above. Foley indicates that the development modern financial intermediation more complex than when Marx conceived of the circuit of capital below. His interpretation is that Mt-M-C(MPLP) (P) C'-M'-M", A. The source of capitalist interest is no longer surplus value. B. The flows of value in the circuit have been fundamentally altered. C. The changes have not fundamentally altered the source of interest in surplus value, no the flows of value in the circuit of capital. D. Surplus value is now produced in the financial markets. E. None of the above.

Explanation / Answer

First question is answered below

1.

Correct option: (D)

Reason: As per Abel et al, the golden rule steady state level of consumption in Solow model is represented by f(k*) - (n+d)k*

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