a) What are three assumptions of the classical model? List each briefly. b) Show how an increase in technology in the economy would affect Price level, real GDP, real and nominal wages paid to labor, and real and nominal rental rates paid to capital would change. For real wages paid to labor and capital be sure to show your reasoning. c) Who is better off, capital or labor for this last change and explain. d) Drawing a diagram of the loanable funds (financial) market, show how this change affects the loanable funds market and briefly explain your reasoning. What important variable is determined in this market