Question: Consider the basic Solow growth model with the following aggregate Cobb-Douglas production function: Y=AK L/, where a is a parameter and satisfies 00 is exogenous

Consider the basic Solow growth model with the following aggregate Cobb-Douglas production function: Y=AK" L/", where a is a parameter and satisfies 00 is exogenous and measures productivity. A can potentially change over time, and if it does, it changes permanently. Denote the saving rate by s, 0

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