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Question 4. Consider Solow modelwith technological change. Suppose growth rate of technology increases from to '. How will the y e (output per effective worker),

Question 4.

Consider Solow modelwith technological change. Suppose growth rate of technology increases from to '.

How will the ye(output per effective worker), ke(capital per effective worker), gye(growth rate of output per effective worker), gy(growth rate of output per worker), and gY(growth rate of output) change in the long run? (increase/decrease/stay the same).

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