10. Labor supply - working hours

The supply of labor input will also increase if working hours increase. An increase in working hours raises employment in terms of hours and in the short run it reduces the number of workers employed. The following sections present a shock to working hours with and without balanced public budget and supply effects on exports.


hmtoggle_arrow1A. Working hours
hmtoggle_arrow1B. Working hours - including supply effects on exports
hmtoggle_arrow1C. Working hours - balanced budget