Shapiro Stiglitz model represents one of the models that examine why firms offer efficiency condition represents a no-shirking condition such that the wages and employment level are b)What is unemployment hysteresis? In less than a page discus three possible causes of Without any algebraic expression, describe how each of the following affects equilibrium (ii)An increase in the job breakup rate, b. c)Do unemployment benefits contribute to unemployment hysteresis? In less than half a page, unemployment hysteresis. =+(+ While the labour demand equation is given as: given as: ()= (i)An increase in workers' discount rate, . ) employment and the wagein the Shapiro Stiglitz model: (iii)An increase in the size of the labourforce, L(constant). wages to its workers so as tomaximize profit and allow workers exert effort. The equilibrium discuss. please answer all the questions or clearly label which answers you are giving