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Intangible forms of capital (like software) tend to last less than other forms of capital (for example relative to structures). Suppose an economy transitions more
Intangible forms of capital (like software) tend to last less than other forms of capital (for example relative to structures). Suppose an economy transitions more and more of its capital stock to intangibles. Show what changes (if any) occur to the diagram studied in Week 2 to explain the equilibrium level for K
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