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The document presents Problem Set 3 on the General Solow model, outlining equations related to economic growth and business cycles. It includes tasks such as rewriting equations in efficiency units, deriving the Solow equation, finding steady states, and analyzing the effects of shocks on the economy. The problem set emphasizes understanding growth properties, the golden-rule savings rate, and the implications of changes in capital and population growth on the balanced growth path.
- Author
- 10621077
- Language
- EN