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The details are below: Consider the discretetime Solow model: 31%.) + (1 5m kt: ' k0 given, With kt : Kt/(AtLt)' (1) Suppose that f(k)

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Consider the discretetime Solow model: 31%.) + (1 5m kt\": ' k0 given, With kt : Kt/(AtLt)' (1) Suppose that f(k) = Ax/E, with A = 1, s = .3, 6 = .075, n = .02, g = .02. Find the steadystate k:*. (2) Suppose that we are initially in steadystate, i.e. k0 = 19*. Due to a onetime increase in technology, f changes and becomes M) = B. with B = 1.1. Using Excel or MATLAB, compute the new steadystate k\

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