6. (Romer 2006, page 93 Q 2.6) Productivity slowdown. Consider a Ramsey-Cass-Koopmans economy that is on...
6. Romer 2006, page 93 Q 2.6) Productivity slowdown. Consider a Ramsey-Cass-Koopmans economy that is on its balanced growth path (i.e. steady state) and suppose that there is a permanent fall in g (technological progress rate) b. How, if at , does this affect the c 0 curve? c-C/L C is consumption and L is Labor therefore c is consumption per labor in present, C is consumption per labor in future. 6. (Romer 2006, page 93 Q 2.6) Productivity slowdown....
6. (Romer 2006, page 93 Q 2.6) Productivity slowdown. Consider a Ramsey-Cass-Koopmans economy that is on its balanced growth path (i.e. steady state) and suppose that there is a permanent fall in g (technological progress rate). a. How, if at all, does this affect the k=0 curve?