X = KN M = 4$ : w = 1 $ /N : pK = 1 $ /K

1. Write out the solution for the two-period model in terms of the Cobb-Douglas Demand System. What role does the -parameter play as regards end-of-period wealth?

2. Write out the solution to the infinite horizons model.

3. Arrange the accumulated capital equation to solve for the Cambridge equation. Be sure to identify the Saving-side of the relation and the Investment-side of the relation.