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Based on the Solow growth model with population growth and labour-augmenting technological progress, explain how each of the following policies would affect the steady-stateleveland steady-stategrowth
Based on the Solow growth model with population growth and labour-augmenting technological progress, explain how each of the following policies would affect the steady-stateleveland steady-stategrowth rateof total output per person:
a.tax incentives to promote research and development.
b.tax incentives to increase private saving.
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