Lecture 3 17

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Solow Growth Model – Savings and Consumption Consumers save a fraction of their income:
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: S = sY = I C = (1-s)Y s = savings rate (0 ≤ s ≤ 1) Savings Consumption...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online