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a} Using the standard basic Diamond model derived in class, assuming log utility. Cobb-Douglas produc- tion, and g z 0. derive a condition on a
a} Using the standard basic Diamond model derived in class, assuming log utility. Cobb-Douglas produc- tion, and g z 0. derive a condition on a {in terms of only.r exogenous variables) Where the steady-state is NOT Pareto optimal. b) Graph this condition, with a as a function of n. for 0
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