Question: Using the Solow model framework, answer the following questions, draw the graph with the correct movement for full credit in each scenario: 5. What would

Using the Solow model framework, answer the following questions, draw the graph with the correct movement for full credit in each scenario: 5. What would we expect to happen to the capital stock, and thus income, in the event consumer preferences changed and the average savings rate decreases for a given country. 6. What would we expect to happen to the capital stock, and thus income, in the event birth rates broadly increased.

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