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1. What is the solution of the Solow model for consumption per person in the steady state, c* = C*/L*? How does each parameter in
1. What is the solution of the Solow model for consumption per person in the steady state, c* = C*/L*? How does each parameter in the solution affect c*, and why? Getting Started: To solve this write c* as a function y*. In the class, we have already derived the steady state value of y* which you can then sub- stitute and write an expression solely in terms of exogenous parameters
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