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Consider the same model as that in Homework 3. him, the reservation wage is characterized by so: {1 mu? t"""'=1,s{1i} 2 Using this equation. we continue to work on comparative statics in this home- work. 1. Discuss intuitively what happens to of when there is an increase in each of the following parameters. (a) Discount factor 13. (b) Arrival rate of job oers a. (1:) Job separation rate A. 2. Conrm your intuition in part 1. (a) Compute 6hr {36 and check its sign (b) Compute our/an and check its sign. (c) Compute w'flt and check its sign