Lecture 3 17

Lecture 3 17 - S = sY = I C = (1-s)Y s = savings rate (0...

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Solow Growth Model – Savings and Consumption Consumers save a fraction of their income:
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Unformatted text preview: S = sY = I C = (1-s)Y s = savings rate (0 ≤ s ≤ 1) Savings Consumption...
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