Intermediate Macro question

Part 1 (40 points) For each statement, discuss whether you think the claim is true, false, or uncertain. Support your answer in a few sentences and diagrams, and possibly some equations. You will not need any lengthy mathematical derivation for this part. Answer each question in a separate page and clearly indicate which question you are discussing in each page. 1. In the Solow growth model of Chapter 7, the aggregate output, Y, always grows at a constant rate. 2. Based on the Solow growth model, different saving rates explain varying economic growth rates across countries we observe in the real economy. 3. A competitive equilibrium of the Solow growth model is achieved only when the economy reaches the steady state. 4. If the consumer's preferences satises the \"more is better\" assumption, the indifference curves representing her preferences are necessarily bowed in toward the origin