宏观经济学ppt课件CHAP07 经济增长1-资本积累和人口增长教学幻灯片.pptVIP

* Students sometimes confuse this graph with the other Solow model diagram, as the curves look similar. Be sure to clarify the differences: On this graph, the horizontal axis measures k*, not k. Thus, once we have found k* using the other graph, we plot that k* on this graph to see where the economy’s steady state is in relation to the golden rule capital stock. On this graph, the curve measures f(k*), not sf(k). On the other diagram, the intersection of the two curves determines k*. On this graph, the only thing determined by the intersection of the two curves is the level of capital