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Hi, please kindly give a try in this question, please feel free to provide any diagrams if it helps you to explain it,(no diagram is
Hi, please kindly give a try in this question, please feel free to provide any diagrams if it helps you to explain it,(no diagram is still fine) thanks a lot!
Illustrate the effects on the steady state capital stock of the following shocks and explain the results:
(a) An increase in the depreciation rate.
(b) An increase in the mark-up.
(c) Consumers become more impatient.
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