Question: Use the labour supply and demand framework to answer the following questions: Impact of Coronavirus assuming no major death toll How would answer to (a)

Use the labour supply and demand framework to answer the following questions:

  1. Impact of Coronavirus assuming no major death toll
  2. How would answer to (a) change if there is a major death toll?
  3. If the labour supply function changes from Ns = -10 + 4W to Ns = -30 + 3W and no change in demand
  4. Massive increase in the birth rate of today
  5. Production technology changing from Y = 2N1/2 to Y = 2N2/3

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