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Discuss the effects on this year's quantity of labour supplied, L3, from the following changes: (a) An increase in interest rate (3 points) (b) A

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Discuss the effects on this year's quantity of labour supplied, L3, from the following changes: (a) An increase in interest rate (3 points) (b) A permanent increase in real wage (3 points) (c) A temporary increase in real wage (3 points) ((1) A one-time windfall, which raises initial real assets (3 points)

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