3. Plot production function, savings function, and depreciation function in a slow model and graphically show the effects (transition) of steady state capital in following situations: (a)...

Extracted text: 3. Plot production function, savings function, and depreciation function in a slow model and graphically show the effects (transition) of steady state capital in following situations: (a) Contractionary monetary policy = real interest rate increases = increased level of savings. (b) Increase in the population growth rates. (c) Increase in the technology parameter.