Consider a country described by the one-country model in section Suppose that the country temporarily raises its levels of ?A. 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 ?A. Make sure you explain each phase in the graph that is when the country increases ?A and when it goes back to the previous one.
Originally posted 2018-07-21 15:53:17. Republished by Blog Post Promoter