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Hi, could you please help me with these labelled diagrams? Q1. Consider the Solow model of economic growth, with depreciation and population growth but without

Hi, could you please help me with these labelled diagrams?

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Q1. Consider the Solow model of economic growth, with depreciation and population growth but without technological progress. Draw a steady-state diagram (it should have three curves). What happens if the capital stock per worker is above the steady state? (Using the same diagram, illustrate and briefly explain the effects of the change)| Q3. Assume that an economy's long-run equilibrium is described as follows: economic growth at 2.5% pa, the natural rate of unemployment at 6% and expected inflation at 2%. Assume the price level is not sticky. Using large AD/AS and Phillips curve diagrams, illustrate the short-run and/or long-run effects of the policy or event on the economy. Briefly explain what happens. Starting Position: Boom, above natural rate Policy/Event: Increasing interest rates

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