Using the full employment framework (with the three major markets), kindly answer the following questions by stating what curves will shift in each market, in what direction and what will happen to the equilibrium:

Example: Labor market: Demand shifts to the right, EQ price rises,EQ QTY stays the same, Product Market: SRAPF shifts up, E0 output rises, EQ input stays the same, Capital Market: Investment shifts to the right, EQ Interest rate rises, EQ level of investment rises. 1. What would happen if firms recently upgraded their factory equipment? What would happen if everyone began to received free education up to the university level, increasing their productivity? What would happen if Belize lost the claim at the ICJ and workers who live in Stann Creek and Cayo are now Guatemalans, based on their geographical location, and are no longer allowed to work in Belize's new economy, as they do not have working permits and Belize is not granting any more? What would happen to Guatemala's economy now that they have some new "local" workers? Assume all schools invested in projectors for each classroom, making each lecturerfteacher more productive as they no longer need to spend time writing on the board. At the same time, an above average number of graduates have now entered the labor market. What would happen to the full employment framework if two of these events occurred simultaneously