Economy, asked by sheikhmannan464, 1 month ago

the role of Solow Model in a closed economy?

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Answered by sana7640
0

Answer:

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Answered by anamikaviju12
1

Answer:

At the center of the Solow growth model is the neoclassical aggregate production function. Closed economy, with a unique final good. Discrete time running to an infinite horizon, time is indexed by t = 0,1,2, .... Economy is inhabited by a large number of households, and for now households will not be optimizing.

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