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Update lectures/calvo.md
Co-authored-by: Matt McKay <mmcky@users.noreply.github.com>
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lectures/calvo.md

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@@ -716,7 +716,7 @@ Thus, in our context, time-variation of $\vec \mu$ chosen by a Ramsey planner
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is the telltale sign of the Ramsey plan's **time inconsistency**.
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## Constrained-to-constant-growth-rate Ramsey plan
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## Constrained to constant growth rate Ramsey plan
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We can use brute force to create a government plan that **is** time consistent, i.e., that is a time-invariant function of time.

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