Suppose there is a temporary increase in technology that boosts current income. What would it do to the saving supply schedule, investment demand schedule and real interest rate?
Thank you for your answers!
Suppose there is a temporary increase in technology that boosts current income. What would it do to the saving supply schedule, investment demand schedule and real interest rate?
Thank you for your answers!
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On the PP curve scale it would shift it to the right. Demand would go up, supply would go up.