Llustrate what is the effect on the real wage and hours work, Business Economics

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Llustrate what is the effect on the real wage and hours work

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? Explain your answers.

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Business Economics: Llustrate what is the effect on the real wage and hours work

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