Show that multiple steady-state equilibria are possible in


Consider the canonical model with log preferences, log(c1(t)) + β log(c2(t)), and the general neoclassical technology F(K, L) satisfying Assumptions 1 and 2 (see Chapter 2). Show that multiple steady-state equilibria are possible in this economy.

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Econometrics: Show that multiple steady-state equilibria are possible in
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