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Question 3 Poverty Traps in the Solow Model Suppose the production function takes the form: y=k)=k ifk 1. Otherwise continue to assume the standard Solow

Question 3 Poverty Traps in the Solow Model Suppose the production function takes the form: y=k)=k" ifk 1. Otherwise continue to assume the standard Solow model. Specifically, assume there is no technological progress, grA = 0. Also assume that s

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