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Title: Homework: Suppose that d falls from d1 to d2 in our model (d1>d2 ). Hold all other parameters as exogenous. Explain what happens to y and k over time. Do y and k grow forever or will they eventually arrive at a steady state? How does the new steady state - PowerPoint PPT Presentation
Description: Homework: Suppose that falls from 1 to 2 in our model ( 1 2 ). Hold all other parameters as exogenous. Explain what happens to y and k over time. – PowerPoint PPT presentation
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