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1. Suppose that the function Y = F(K, L) = K L. describes the pro- duction technology for an economy with fixed population. Can this

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1. Suppose that the function Y = F(K, L) = K L. describes the pro- duction technology for an economy with fixed population. Can this economy obtain an arbitrarily high income level over time by building up their capital stock, given that capital depreciates? Explain

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