Question: c. Suppose a negative technology shock occurs, lowering A from A to A c. Suppose a negative technology shock occurs, lowering A from A to

c. Suppose a negative technology shock occurs, lowering A from A to

c. Suppose a negative technology shock occurs, lowering A from A to A

c. Suppose a negative technology shock occurs, lowering A from A to A1 < A _ B = B still. On yu_lr diagram, clearly (qualitatively) sketch an indifference map, a budget constraint, and associated optimal choices of consumption and leisure. Briefly explain any differences between your sketch here and that in part b _

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