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One-country model in section suppose

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Reference no: EM13151675 , Length: 156 words

Consider a country described by the one-country model in section Suppose that the country temporarily raises its levels of γA. Draw graphs showing how the time paths of output per worker (y) and productivity (A) will compare under this scenario with what would have happened if there had been no change in γA. Make sure you explain each phase in the graph that is when the country increases γA and when it goes back to the previous one.

Reference no: EM13151675

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