Question: thanks for the help 6. Use TABLE TWO, below, to show how a labor market equilibrium with outside options for workers differs from column three.

 thanks for the help 6. Use TABLE TWO, below, to show

thanks for the help

how a labor market equilibrium with "outside options" for workers differs from

6. Use TABLE TWO, below, to show how a labor market equilibrium with "outside options" for workers differs from column three. The table assumes that those who remain in the labor force are, generally. more productive (higher ) than those who opt out, and that the benefits stimulus to expenditure causes output to be higher. lower (+). higher (f). no difference is implied by the scenarios = not different (ND), or difference is implied, but not enough information (??). L' means the quantity of labor supplied, not the position of the labor supply curve. TABLE TWO C R L A Y G W*L

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