Suppose that labor saving devices in the home-such as dish washers, washing machines, and vacuum cleaners-lower the

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Suppose that labor saving devices in the home-such as dish washers, washing
machines, and vacuum cleaners-lower the relative value of b (unemployment benefits) compared to given w (wages).

What are the equilibrium effects of an introduction of labor- saving devices?

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Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

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Posted Date: Apr 21, 2024 01:19 PM

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Suppose that labor saving devices in the home-such as dish washers, washing machines, and vacuum cleaners-lower the

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Macroeconomics

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