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Using classical model explain how a shift in the supply for labor would affect equilibrium in the economy.
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Discuss how shift in the demand for labor affects employment equilibrium in the economy using classical models.
Date posted: April 11, 2019 . Answers (1)
Demonstrate using the classical model how an increase in the money supply, an increase in income velocity and a decrease in the transactions demand for money would affect prices, money wages and real variables
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Derive the demand for labor schedule.
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