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Y = AK^ L^ 1 If L is constant. Suppose that TFP A falls. Answer the following. Construct a single well-labeled Solow diagram that clearly
Y=AK^ L^1
If L is constant.
Suppose that TFP A falls. Answer the following.
Construct a single well-labeled Solow diagram that clearly shows the changes in steady-state capital, output, and investment per worker.
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