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a. Explain briefly the concept of steady-state in the Solow model. b. Graphically illustrate the impact of an increase in savings level and fall in

a. Explain briefly the concept of "steady-state" in the Solow model. b. Graphically illustrate the impact of an increase in savings level and fall in population growth rate on the economy using the Solow model. c. What is the difference between capital deepening and capital widening according to the Solow model? d. Given the following information: Solve for; i. Capital-labour ratio ii. Capital widening iii. Capital deepening iv. Explain your results. = =400 = 1000 = 100 = .10 e. Distinguish between permanent income hypothesis and life-cycle income hypothesis f. Outline two (2) implications of the Keynesian accelerator model g. Using a Ghanaian example, distinguish between stabilization and structural policies

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