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c. Suppose anegative technology shock occurs, lowering A from A0 to A1 c. Suppose a negative technology shock occurs, lowering A from Ao to A1
c. Suppose a negative technology shock occurs, lowering A from Ao to A1 < 140 . B = Bo still. On your diagram, clearly (qualitatively) sketch an indifference map, a budget constraint, and associated optimal choices of consumption and leisure. Briefly explain any differences between your sketch here and that in part b.
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The Chinese Economy Transitions And Growth
Authors: Barry Naughton
1st Edition
0262640643, 9780262640640
