i) ii) Consider the expression log(1-N) Linearize this around the steady state level of N, N....

 

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i) ii) Consider the expression log(1-N) Linearize this around the steady state level of N, N. (20) Use your expression to write an expression for the percentage deviation of the term, 1-N,, from its steady state value. (10) i) ii) Consider the expression log(1-N) Linearize this around the steady state level of N, N. (20) Use your expression to write an expression for the percentage deviation of the term, 1-N,, from its steady state value. (10)