3.2. Consider two economies (indexed by i 1, 2) described by Y,(t) K, (t) and K(t)=s, Y,(t),...

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3.2. Consider two economies (indexed by i 1, 2) described by Y,(t) K, (t)" and K(t)=s, Y,(t), where > 1. Suppose that the two economies have the same initial value of K, but that s > s. Show that Y/Y is continually rising.

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Advanced Macroeconomics

ISBN: 390326

1st Edition

Authors: David Romer

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Question Posted: Nov 15, 2024 01:00 AM

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3.2. Consider two economies (indexed by i 1, 2) described by Y,(t) K, (t) and K(t)=s, Y,(t),...

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Advanced Macroeconomics

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