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Hello! I have a question regarding macroeconomics, and does future expected productivity have any effect on the graph? Also, how does Total factor shock affect

Hello! I have a question regarding macroeconomics, and does future expected productivity have any effect on the graph?

Also, how does Total factor shock affect the supply curve?

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1. Draw the labor market equilibrium diagram and the saving-investment diagram. a. Consider an increase in future expected total factor productivity. Draw the changes that this type of shock implies for the graphs, and state implications for changes in employment, wages, consumption, investment, interest rate, and output. (Assume for simplicity that current labor supply does not respond to changes in the rate of interest.) b. Total factor productivity shocks tend to be positively correlated over time. Consider the ease of an increase in both current and expected future total factor productivity. Repeat part a. (Again, assume that current labor supply does not respond to changes in the rate of interest.)

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