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1. Under the Ramsey model with technical progress, suppose that the economy is in stationary equilibrium and there is an increase n the intertemporal discount

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1. Under the Ramsey model with technical progress, suppose that the economy is in stationary equilibrium and there is an increase n the intertemporal discount rate rho. ) Analytically determine the variation that occurs in stationary equilibrium. ) Graphically determine the process of djustment of the economy towards the new stationary equilibrium. Explain economically. ) Determine if there is a change in the growth ate of the variables per capita

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