• Graphically illustrate a CAPITAL MARKET SHOCK DUE TO NET TAX CUT for the Classical-FEM Model (aka, Long-Run, Growth,...)
• Your neatly drawn diagrams must include initial and subsequent, wages, labor hours, output, interest rates, loanable funds, curves, equilibriums, marginal products, marginal propensities, related movements along a non-shifting curve, etc..., for the labor, product and capital markets.
• Please focus on demonstrating your understanding of sources/reasons for curve shifts/rotations/pivots.
• SHOW TWO FEEDBACK LOOPS