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Can someone show me what happens when there is a decrease in technology in the solow model. If there is an increase in technology, a
Can someone show me what happens when there is a decrease in technology in the solow model.
If there is an increase in technology, a shift in the production function causes an upward shift in the savings function thus capital per worker and gdp per capita rises. Is there a decrease in technology? Please draw a diagram to show the effect!
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