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Consider the Solow growth model as given in the lecture notes using the Cobb-Douglas production function
Yt = AK1-αt Lαt
a) Set up the underlying nonlinear difference equation.
b) Compute the steady state value of capital.
c) Linearize the nonlinear difference equation around the positive steady state and determine its properties.
Awhat is polygonesk question #Minimum 100 words accepted#
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explain the formular for finding trigonometry
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