15.2 Real-Business-Cycle Theorys Explanation to Important Economic Variables Solve the problem o assumption Utility function u(Ct)=InC > Product function f(K=A, K > Depreciation ratio 8=1 ● calculate the equation: C1=·AK和K=aB.A1K 友学经济学院15.2 Real-Business-Cycle Theory’s Explanation to Important Economic Variables ❖ Solve the problem ⚫assumption： » Utility function » Product function » Depreciation ratio δ=1 ⚫calculate the equation： t t u(C ) = lnC t = At Kt f(K )   Ct  At Kt Kt 1  At Kt =  =  和 +