Explain how effect advance technology in labour market

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Reference no: EM1370749

Q. Suppose that business cycle in United States is best described by RBC theory. An advance in technology increases productivity.

a. Draw a diagram to Explain how effect of advance in technology in market for loan able funds.

b. Draw a diagram to Explain how effect of advance of technology in labour market.

c. Illustrate what is when-to-work decision when technology advances?

Reference no: EM1370749

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