Tag: labour market diagram

Show your answers for parts (a) & (b) in three diagrams (that depict the loanable funds market, the labour market, and the rental market for capital in long-run equilibrium). Be sure to identify which points on your diagrams are the long-run equilibria for part (a) & (b) respectively. No written explanation is required.

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Question 1 (20 points) – Topic 1 (save your answer as HW1-Q1.pdf) The following table provides the economic data for […]