What happens in the Solow model when stuff changes? Assume the production function is yt=f(A,kt,h)=Akαh1−α
And the capital accumulation equation is kt+1=kt+γyt−δkt
Remember the steady state condition is that kt=kt−1 which occurs when γyt=δkt
Below you can pick different values; hit the "Plot and calculate" button to draw the new steady state (you can use this to quiz yourself!)