p=MV/Q ——-> f’ = df/dt
p’/p = (MV)’/MV – Q’/Q
S’/S= (1-u)σ(p) – δ= (1-u)σ(1)/p -δ —> *σ = output/capital ratio, δ = constant = capital depreciation rate
Q’/Q = a’/a + L’/L = a’/a +v’/v+n’/n = α + β + v’/v, v = %employment, α, β = constants
(MV)’/MV = p’/p + α + β + v’/v = p’/p + Q’/Q —> p’/p = (MV)’/MV – Q’/Q —>
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