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Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the

Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events:

a.A wave of immigration increases the labor force.

b.An earthquake destroys some of the capital stock.

c.A technological advance improves the production function.

d.High inflation doubles the prices of all factors and outputs in the economy.

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