Question: What does the two-sided search model predict would be the effects of laborsaving devices in the home, for example dishwashers, washing machines, and vacuum cleaners?

What does the two-sided search model predict would be the effects of laborsaving devices in the home, for example dishwashers, washing machines, and vacuum cleaners? Use diagrams to show the effects on the unemployment rate, the vacancy rate, the labor force, the number of firms, aggregate output, and labor market tightness, and discuss your results.

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