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Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
Edition 6ISBN: 978-1111822354 Exercise 6
A new government policy successfully lowers firms' unit costs. What are the short-run and the long-run effects of such a policy? (Assume that full employment output does not change.)
Explanation
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Reduction in the firms units costs shift...
Macroeconomics 6th Edition by Robert Hall,Marc Lieberman
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