Explain how intertemporal substitution is important for
1. Explain how intertemporal substitution is important for current labor supply and for the current demand for consumption goods.
2. What are three factors that determine current labor supply?
3. What determines the current demand for labor?
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1 what are the factors that shift the output supply curve2 what are the factors that shift the output demand curve3 how
write a thoughtful discussion of the topic remember to support your comments with relevant information from course
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