(C) What is the impact of technological progress (i.e. when A increases)? You need to discuss the e↵ect on employment of skilled and unskilled labor, two real wages and output. Show the changes on the diagrams from part B.
https://webpala.com/wp-content/uploads/2021/03/logo.png 0 0 developer https://webpala.com/wp-content/uploads/2021/03/logo.png developer2023-02-26 01:20:022023-02-26 01:20:02There are two types of labor in the economy: skilled labor LS and unskilled labor LU . Of course, skilled and unskilled labor earn dierent wages: WS…
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