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Discuss the implications of legislation

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1. Suppose that the Parliament of the Republic of Tiramisu passes a legislation that removes existing investment tax credits and discourage saving. Assuming the economy begins at the steady state, using Solow model with technological change:

a. Discuss the implications of this legislation. (hint: you may use a diagram to support your discussion).

b. Does this policy change permanently reduce the level of output per worker?

Reference no: EM133080269

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