In addition, suppose that the retiring workers possessed higher than average work skills. Incorporating only this additional information, clearly and...
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In addition, suppose that the retiring workers possessed higher than average work skills. Incorporating only this additional information, clearly and accurately show in your diagrams above what effects this would have on equilibrium (1) economic output, (2) employment, (3) the real wage rate, (4) the capital stock, and (5) the real rental cost of capital. These effects should be drawn in BLUE.
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