13) Textbook Exercise 6.6: Lazear's results Use the best response diagram to sketch the results found by Lazear and co-authors in their study of a firm during the global nancial crisis. a) Draw a best response curve for each of the following years and explain what it illustrates: the pre-crisis period (2006) the crisis years (20078) the post-crisis year (2009) Assume that the employer did not adjust wages. b) Is there a reason why a firm might not cut wages during a recession? Think about the research of Truman Bewleyr and the experimental evidence about reciprocityr in Unit 4 (which we did not cover but give your best shot I)