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

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter9: Production Functions
Section: Chapter Questions
Problem 9.6P
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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
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