3. For each value of ¢, let the economy be initially in steady state for o = 0.08. After some periods, 1 0 say, o shifts permanently down too'= 0.06. Simulate the model over the periods before the shift and 200 periods after to create series (K1

) and (Y1

) . In one diagram plot the growth rate (Y1

- Y,_,)/Y1 _ 1 (or the approximate one, In Y, -In Y1 _ 1

) against periods t over the simulated periods for each of the three considered values for¢. Comment on the figure with respect to the opening statement of this exercise.