Suppose the expression showing market price as a function of time is p(t) = Cea(B-G)t (i)...
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Suppose the expression showing market price as a function of time is p(t) = Cea(B-G)t (i) Definitize the time path assuming the price at t= 0 is po. (ii) Find the necessary condition for price to converge to the A-F G-B А-F steady state equilibrium value p provided that G-B a > 0. Suppose the expression showing market price as a function of time is p(t) = Cea(B-G)t (i) Definitize the time path assuming the price at t= 0 is po. (ii) Find the necessary condition for price to converge to the A-F G-B А-F steady state equilibrium value p provided that G-B a > 0.
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