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.
Chapter5: An Introduction To Macroeconomics
Section: Chapter Questions
Problem 2DQ
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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.
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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