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D Answer these questions on a sheet of paper and submit a picture/pictures on the assignment named Final Upload. This must be done within 10

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D Answer these questions on a sheet of paper and submit a picture/pictures on the assignment named "Final Upload." This must be done within 10 minutes of finishing this quiz. 1. Imagine that there is an increase in technology which makes capital more productive. a. Show the effect of this on steady-state levels of output and capital. b. Show the effect in the market for loanable funds. c. Show the effect on AS/AD in the long run. 2. Imagine that there is a fall in the money supply. Show the effect of this in the short run and the long run. (Make it clear what is SR and what is LR!) Say what happens to nominal wages in the short run and what happens to them in the long run

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