Consider the Solow growth model with a Cobb- Douglas production function with capital share a, a constant savings rate s, a constant depreciation rate 8, and a constant population growth rate n (0 0....

Extracted text: Consider the Solow growth model with a Cobb- Douglas production function with capital share a, a constant savings rate s, a constant depreciation rate 8, and a constant population growth rate n (0 < s,6,n="">< 1).="" suppose="" a="" equals="" 1/3,="" and="" tfp="" initially="" is="" a1=""> 0. In three separate figures, draw the evolution through time of productivity A, capital per capita Kit, and output per capita Yit. Make sure to include several periods of the pre-shock steady state, the time of the shock, the transition to the final steady state, and several periods of the final steady state. Discuss the differences between the two figures.