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and that the steady-state equilibrium levels of { K*, Y*, I*, C* } are given by aA 1/(1-Q) K* = L, (2.22) pto Y* =

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and that the steady-state equilibrium levels of { K*, Y*, I*, C* } are given by aA 1/(1-Q) K* = L, (2.22) pto Y* = A(K* )a[1-a = aA a/ (1-0) AL, (2.23) pto aA 1/(1-Q) [* = 6K* = 6L, (2.24) pto O/ (1-Q) C* = Y* _ [*_ P+(1 -Q)d AL. (2.25) pto pto 2. Consider a positive capital depreciation rate o > 0. Compute the elasticity of { K*, Y*, I*, C*} with respect to technology A

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