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2. Suppose that labor supply were a function of the real interest rate. In particular, suppose that Nt = N s(wt, t, rt), where N

2. Suppose that labor supply were a function of the real interest rate. In particular, suppose that Nt = N s(wt, t, rt), where N s rt > 0. 425 (a) Can you provide any intuition for why labor supply might positively depend on the real interest rate? (b) Suppose that labor supply is increasing in the real interest rate. Derive the Y s curve graphically

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