=+output ratio is about 2.5. Suppose that the production function is CobbDouglas, so that the capital share

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=+output ratio is about 2.5. Suppose that the production function is Cobb–Douglas, so that the capital share in output is constant, and that the United States has been in a steady state. (For

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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Question Posted: Sep 28, 2024 11:00 AM

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=+output ratio is about 2.5. Suppose that the production function is CobbDouglas, so that the capital share in output is constant, and that the United States has been in a steady state. (For
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=+a discussion of the CobbDouglas production function, see Chapter 3.)
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=+output ratio is about 2.5. Suppose that the production function is CobbDouglas, so that the capital share

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Macroeconomics

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