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Consider the Diamond model with logarithmic utility and Cobb Douglas production. Describe how each of the following affects kt +1 as a function of kt

Consider the Diamond model with logarithmic utility and Cobb Douglas production. Describe how each of the following affectskt+1 as a function ofkt:

(a) A rise inn.

(b) A downward shift of the production function (that is,f(k) takes the formBk , andBfalls).

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