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Unformatted text preview: k max ? (d) What is the value of consumption at k max ? (e) What is the steadystate value of the capitallabor ratio, k & ? (f) What is the steadystate value of output per worker, y & ? (g) What is the steadystate value of consumption per worker, c & ? (h) What is the Golden rule value of the capitallabor ratio, k G ? (i) What is the Golden rule value of output per worker, y G ? (j) What is the Golden rule value of consumption per worker, c G ? (k) Describe what happens if the initial level of capitallabor ratio is k = 100 . (l) Describe what happens if the initial level of capitallabor ratio is k = 200 . 1...
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This note was uploaded on 03/10/2010 for the course ECON 3140 taught by Professor Mbiekop during the Spring '07 term at Cornell University (Engineering School).
 Spring '07
 MBIEKOP
 Macroeconomics

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