Business cycle in the united states

Reference no: EM1373394

Assume that the business cycle in the US is best described through RBC theory. An advance in technology raise productivity.

[A] Make a diagram to demonstrate the effect of the advance in technology in the market for loanable funds.
[B] Make a diagram to demonstrate the effect of the advance of technology in the labor market.
[C] What is the when to work decision when technology advances?

Reference no: EM1373394

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