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Suppose a country loses part of its capital stock as a result of a natural disaster. How would this event affect the lev

Posted: Thu May 19, 2022 8:38 am
by answerhappygod
Suppose a country loses part of its capital stock as a result of
a natural disaster. How would this event affect the level of
capital per worker and output per worker immediately after the
disaster and in the long run? How would the growth rate change
during the transition from the short to long run? Explain your
answer with appropriate Solow's diagrams.
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