@@ -63,7 +63,7 @@ Production functions with this property include
6363We assume a closed economy, so domestic investment equals aggregate domestic
6464saving.
6565
66- The saving rate is a constant $s$ satisfying $0 < s < 1$, so that aggregate
66+ The saving rate is a constant $s$ satisfying $0 \leq s \leq 1$, so that aggregate
6767investment and saving both equal $s Y_t$.
6868
6969Capital depreciates: without replenishing through investment, one unit of capital today
@@ -433,7 +433,7 @@ Use the Cobb--Douglas specification $f(k) = A k^\alpha$.
433433
434434Set $A=2.0, \alpha=0.3,$ and $\delta=0.5$
435435
436- Also, find the approximate value of $s$ that maximizes the $C ^*(s)$ and show it in the plot.
436+ Also, find the approximate value of $s$ that maximizes the $c ^*(s)$ and show it in the plot.
437437
438438```
439439
@@ -484,7 +484,7 @@ ax.annotate(r'$s^*$',
484484 textcoords='offset points',
485485 fontsize=12,
486486 arrowprops=dict(arrowstyle="->"))
487- ax.plot(s_grid, c_star, label=r'$C *(s)$')
487+ ax.plot(s_grid, c_star, label=r'$c^ *(s)$')
488488ax.plot(x_s_max, y_s_max, alpha=0.5, ls='dotted')
489489ax.set_xlabel(r'$s$')
490490ax.set_ylabel(r'$C^*(s)$')
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