Using AD-AS analysis show graphically and explain the effect on the equilibrium level of price and income if: Increase in productivity of labour after attending the intensive course from their company. National per capita income has increased from RM40,713 in 2018 to RM42,777 in 2019.

Using AD-AS analysis show graphically and explain the effect on the equilibrium level of price and income if: Increase in productivity of labour after attending the intensive course from their company. National per capita income has increased from RM40,713 in 2018 to RM42,777 in 2019.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter5: An Introduction To Macroeconomics

Section: Chapter Questions

Problem 2DQ

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Question

Using AD-AS analysis show graphically and explain the effect on the equilibrium level of price and income if:

Increase in productivity of labour after attending the intensive course from their company.
National per capita income has increased from RM40,713 in 2018 to RM42,777 in 2019.

Dear experts, please explain me each of it seperately with full explanation so I could understand it better. Thanks in advadnce.

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