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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def clear_caches(self):
 """ Clears the Caches for all model elements """

        for element_name in dir(self.components):
            element = getattr(self.components, element_name)
            if hasattr(element, 'cache_val'):
                delattr(element, 'cache_val')