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Answer Please Consider the following macro model: IS: Y = C(Y - t(Y) ) +i(r)+g M LM: =1(r) + k(y) Production Function: Y = Y(N.

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Consider the following macro model: IS: Y = C(Y - t(Y) ) +i(r)+g M LM: =1(r) + k(y) Production Function: Y = Y(N. K) Where, N = Labor input; K = fixed capital stock a) Find out the demand for labor of a competitive firm. b) Find out the demand for labor of a monopoly firm. c) Find out the aggregate demand for labor of an economy

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