Question: Explain how the following changes are represented in the model (use brief statements, for example, the answer to the statement 'Household becomes wealthier' can be

Explain how the following changes are represented in the model (use brief statements, for example, the answer to the statement 'Household becomes wealthier' can be simply stated as ' f increases', no further explanations are needed). 1. Household becomes more impatient. 2. Central bank runs a more expansionary monetary policy. 3. Household dislikes work more. 4. Aggregate labor demand increases

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