a) Run the do file as it stands upon downloading. This will show output over a 150 year period in a fictional economy

a) Run the do file as it stands upon downloading. This will show output over a 150 year period in a fictional economy with no economic growth. Include the resulting figure with your submitted assignment. (5 points)

b) Change the productivity of capital relative to labour (alpha) to 0.8 and change the name of the image file. Re-run the do le. Include the resulting figure with your submitted assignment. (5 points)

c) Is there any broad difference in the appearance of these two business cycles? 
Explain what the difference is (if anything) and explain why a change in the value of (alpha) from 0.2 to 0.8 could cause this difference. (10 points)

d) Explain the real world implications of your answer in c). (10 points)

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