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Hii am confused about this question. Can you explain all 3 question? And in question (B),I know the increase in saving increase the k (

Hii am confused about this question. Can you explain all 3 question? And in question (B),I know the increase in saving increase the k ( capital per labor) and y ( output) per labor. but how it affect the real wage.

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(a) Using the simple model of production, graph the e'ect of an increase in the capital stock on the real wage. (b) New using the SolowSwan model, consider an increase in investment/ saving (s 1}). What does such an increase imply for real wages in steady state? Explain your answer. (Hint: Think about how the SolowSwan model and the simple model of production are related.) (c) Using the Solow-Swan model, draw a picture of what the transition path of real wages would look like between the low investment rate steady state and the high investment rate steady state when .9

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