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Economics

Suppose that the business cycle in the United States is best described by RBC theory. An advance in technology increases productivity.

a. Draw a diagram to show the effect of the advance in technology in the market for loanable funds.

b. Draw a diagram to show the effect of the advance of technology in the labor market.

c. What is the when-to-work decision when technology advances?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M969123

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