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QUESTION
1) Graphically illustrate the Solow model in equilibrium (Base model Figure 5.2, pg. 111) for each of the cases below. Now add the parameter changes...
1) Graphically illustrate the Solow model in equilibrium (Base model Figure 5.2, pg. 111) for each of the cases below. Now add the parameter changes to each graph (separately) below.
a) A decrease in the depreciation rate d ceteris paribus.
b) An increase in the savings (i.e. investment) rate S ceteris paribus.
c)
Files:
1.JPG
