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Consider the exogenous growth model. a. Start at a steady state. All else being constant, assume that population declines (like what has recently happened in
Consider the exogenous growth model. a. Start at a steady state. All else being constant, assume that population declines (like what has recently happened in Japan). What happens to steady state capital accumulation? Show the effect using a detailed graph, similar to Figure 8.2 in the textbook by Greenhalgh and Rogers
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
