Question: Evaluate the following statements as either TRUE, FALSE, or UNCERTAIN, and EXPLAIN. Please illustrate with diagrams and/or algebra. According to the Solow-Swan model of growth,

Evaluate the following statements as either TRUE, FALSE, or UNCERTAIN, and EXPLAIN. Please illustrate with diagrams and/or algebra.

According to the Solow-Swan model of growth, government policies which are designed to increase the savings rate will have no effect on growth in the very long run and may, under certain circumstances, actually reduce aggregate consumption in the long run.

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