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

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

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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