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3. Suppose that a time series of GDP growth (+1 - 1) is given by the following figure Yt (time is on the x-axis) :
3. Suppose that a time series of GDP growth (+1 - 1) is given by the following figure Yt (time is on the x-axis) : 400 300 200 100 -100 -200 -800 400 250 .500 150 Using the assumption on the economy's saving behavior made in the Solow model (consumption is a constant fraction of output: Ct = (1 - s)Yt,) draw, in the same graph, the implied time series behavior for consumption growth. How does the graph change if s is procyclical
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