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Question 3: Consider the Banner model. If the percentage of the population that is engaged in the formation of ideas, 5 decreases, what are the

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Question 3: Consider the Banner model. If the percentage of the population that is engaged in the formation of ideas, 5 decreases, what are the short- and long-term impacts of this shift on output per person? Draw the effects of this experiment on a ratio scale chart where the output per person is on the y-axis and time is on the xaxis. (15 marks)

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