A) Let the graph below be the Neoclassical growth model. Identify curves 1-3 and each axis. (5pts) 3 2 1 B) Referencing the graph above, describe how the economy will respond to the invention of a new technology that increases productivity. What happens to per capita capital, income, and consumption? (10pts) Note: If more than one curve is impacted, a description of how each curve is impacted must be included in your answer. C) Explain the importance of productivity growth in explaining long-run economic growth. (5pts)