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a.Use diagrams to illustrate the following effects in the Solow growth model on the steady-state capital levels. Label your graphs and axes clearly. Describe the

a.Use diagrams to illustrate the following effects in the Solow growth model on the steady-state capital levels. Label your graphs and axes clearly. Describe the effects in writing (sentences).

i.Population growth rate decreases.

ii.Savings rate decreases.

iii.Productivity increases.

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