Economy of one-time permanent increase in stock of labor

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Shocks to an economy, such as wars, famines, or the unification of two economies, often generate large flows of workers across borders. What are the short run and long run effects on an economy of a one-time permanent increase in the stock of labor? Examine this question in the context of the Solow model with g=0 and n>0 and that you start at the long run (steady state) equilibrium. Make sure you graph this.

Reference no: EM131424646

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