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N7 Consider the Samuelson-Hicks model. If s = 0, show that the solution is y t = A 1 + A 2 w t (A

N7

Consider the Samuelson-Hicks model. If s = 0, show that the solution is yt = A1 +

A2wt (A1 and A2 are constants), which converges to a constant (w < 1) or explodes

(w > 1) without oscillations.

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