discuss three different timelines; the figure before pandemic (what does it look like?), during the pandemic where unemployment is high, and right now unemployment is relatively high but also strong social benefits with the labor shortage.

1 Best response curve (with higher unemployment) Status quo best response curve 0.85 0.75 Best response curve (with higher unemployment benefit) 0.6 Effort per hour, e 0 Status quo Reservation 18 Reservation 0 higher unemployment wage with reservation wage wage with higher unemployment benefit Hourly wage, w ($) 1 Best response curve (with higher unemployment) Status quo best response curve 0.85 0.75 Best response curve (with higher unemployment benefit) 0.6 Effort per hour, e 0 Status quo Reservation 18 Reservation 0 higher unemployment wage with reservation wage wage with higher unemployment benefit Hourly wage, w ($)