Economics question. Pls assist?

J

jalg_gali

New member
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.

(1). a wave of immigration increases the labor force
(2). an earthquake destroys some of the capital stock
(3). a technological advance improves the production function.
 
You'll probably have to do this one yourself. Not many of us took Econ recently enough to distinguish between Neo Classical, Classical, and Big Band Era.
 
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