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Impact of loan on real wages and working hours in a poor country in short run and long run.

Assume the World Bank provides a poor nation with equipment on indefinite loan.

(a) Illustrate what is the effect on the real wage and hours worked in the short-run?

(b)What is the effect on the real wage and hours worked in the long run? describe your answers.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M919492

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