Determine the short run and long run impact of events

Reference no: EM13239329

Use of the neoclassical growth graph and equations
Determine the short run and long run impact of the following events on Y, K, S, and C per capita. One graph per each one.

a. An epidemic decreases the amount of labor by 10%.
b. A domestic campaign has a strong success on increasing the MPS and decreasing the population growth rate.

Reference no: EM13239329

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