An increase in total factor productivity
A) increases consumption, increases output, and increases the real wage.
B) reduces consumption, increases output, and increases the real wage.
C) reduces consumption, increases output and reduces the real wage.
D) reduces consumption, reduces output, and reduces the real wage.
E) increases consumption, reduces output, and increases the real wage.
Correct Answer:
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Q51: An increase in total factor productivity shifts
Q52: Intertemporal substitution of labour suggests that
A) the
Q53: In the model where G = qt,
Q54: The substitution effect that results from a
Q56: Real business cycle theory argues that the
Q57: Changes in government spending are not likely
Q58: To choose the optimal level of government
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Q60: An increase in total factor productivity shifts
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