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Answer to Question #227045 in Macroeconomics for shobiii

Question #227045

Suppose Rawanda is a conflict zone & due to civil war its Labor start's moving out of the count Considering the LRAS reflect the effect on Labor Market and other macroeconomic Variable. Draw the Graph of other macroeconomics variable Labor MKT (Graph)Exchange rate (Graph)With Labeling


1
Expert's answer
2021-08-18T15:48:47-0400

The following graph graph shows depreciation of exchange rate in the long run aggregate supply



The following graph shows reduction in labor demand which reduces employment and the wage level. 

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