(i) Explain with the help of diagrams, how potential GDP of a country determines with the interaction...

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(i) Explain with the help of diagrams, how potential GDP of a country determines with the interaction of labor market equilibrium.

(ii) If a large increase in investment increases labor productivity, explain and show in the diagram of part (i) what happens to potential GDP, employment and the real wage rate.

Posted Date: Jun 22, 2024 08:02 PM

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(i) Explain with the help of diagrams, how potential GDP of a country determines with the interaction...

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