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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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