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. To face the impact of the pandemic the government has been forced to raise the decit to very high level. Use the m growth
. To face the impact of the pandemic the government has been forced to raise the decit to very high level. Use the m growth model of Chapter 9 and what you learned in chapter 3 to graphically illustrate the impact of a permanent government decit increase on the steadystate capitallabor ratio and the steadystate level of output per worker. Explain in words why the curves move the way they did. Be sure to label the: a) axes; b) curves; c) initial steadystate levels; d) terminal steadystate levels; and e) the direction curves shift
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