Effect of the advance in technology in the market, Macroeconomics

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Effect of the advance in technology in the market

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: Effect of the advance in technology in the market

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Macroeconomics: Effect of the advance in technology in the market

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Macroeconomics: Effect of the advance in technology in the market

Reference No:- TGS069123

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