Lecture 3 28

Lecture 3 28 - N N N Y Y Y y y y N Y y Since we know that y...

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No Growth in the Equilibrium? Since 0 ' 0 ' = = k k k N N N Take ln to both sides For output per capita: 0 ' 0 ' ' ' = = = = Y Y Y
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Unformatted text preview: N N N Y Y Y y y y N Y y Since we know that y does not grow in the steady state...
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