For each of the following, tell a story about what is likely to happen in labor and capital markets using the model of the whole economy that we developed over the first 11 chapters. 

a. After several years of a sluggish economy, home values have begun to rapidly rise in response to a large increase in demand in the housing market.

b. As the baby boomers age, the demand for medical care is rapidly increasing. Healthcare costs, including the cost of prescription drugs, are also significantly increasing. At the same time, the health care industry is experiencing rapid growth.

c. Mortgage rates continue to fall and credit restrictions have significantly eased, making it easier for potential home buyers to gain access to credit and take advantage of the low mortgage rates.