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Yz+l 3. Suppose that a time series of GDP growth ( K {time is on the Iaxis): 1) is given by the following gure Using
Yz+l 3. Suppose that a time series of GDP growth ( K {time is on the Iaxis): 1) is given by the following gure Using the assumption on the economy's saving behavior made in the Solow model (consumption is a constant fraction of output: C; = (1 s)l'},) draw, in the same graph, the implied time series behavior for corraumptiOn growth. How does the graph change if s is proeyclical
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