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Outline the setup of (but do not attempt to solve) an endogenous growth model that incorporates both leisure and consumption in the utility function. (12

Outline the setup of (but do not attempt to solve) an endogenous growth model that incorporates both leisure and consumption in the utility function. (12 marks)

PLEASE DO NOT ANSWER IF YOU ARE JUST GOING TO C0PY AND PA5TE. HAVE ORIGINAL ANSWERS PLEASE OR ELSE YOU WILL GET A BAD REVIEW! THANKS.

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