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Why can there be multiple steady states for a given ? What is the maximum decit compatible with a steady state? E = ( Do you think that this is a reasonable specication? E Obtain an equation in , E , x, g. Consider the case where there are two t steady states. When is the low ination state stable? When is the high ination state stable?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M968303

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