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Unformatted text preview: P(t) (general solution). (b) What is the intertemporal equilibrium price? What is the market-clearing equilibrium price? (c) What restriction on the parameter would ensure dynamic stability? Q2: (a) Solve  (b) Under what conditions the model with is dynamically stable. ...
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This note was uploaded on 02/13/2012 for the course ECON 121 taught by Professor Adam during the Spring '11 term at Bunker Hill.
- Spring '11