ISI ME 2008: The Lucas supply function

[SINGHAM]

ISI 2008 MEII 5. How to do Part 2 & 3?

I have done this:

Am I right?


C. How is this type of model referred to in the literature? Explain

YAAR, I am really stuck here!!

Please help someone!

[The Villain]

Wht did u get g as??

[SINGHAM]

Which g? I can't see any g in question!

[SINGHAM]

PLEASE someone answer Here!

[SINGHAM]

Please someone answer for b, c . Please.

This one:
(b) Equate labour demand with labour supply to eliminate W. You will get an
expression involving P,
e
P and  N . Derive the Lucas supply function in the form
given above and find the expressions for  λ and
*
Y .
(c) How is this type of model referred to in the literature? Explain

[SINGHAM]

PLEASE SOMEONE ANSWER !!

I beg you all!