Recall that equilibrium in the static consumption-labor choice model is given by the following five equations: Y = AKL-a R = AK-L-a - = = (1 a) AK L- L = [N-9 (R/P) K] 1+6 Y = C Q2.3 1 Point When y increases: Y increases and C increases Y increases and C decreases Y decreases and C increases O Y decreases and C decreases Q2.5 1 Point When A increases: O Y increases and C increases OY increases and C decreases O Y decreases and C increases O Y decreases and C decreases Q2.7 1 Point When K doubles and A decreases by half: OY increases and C increases O Y increases and C decreases O Y decreases and C increases OY decreases and C decreases