Changes in total factor productivity are plausible causes of business cycles because productivity-induced business cycles correctly predict
A) real wages and total hours must be procyclical.
B) real wages and consumption must be procyclical.
C) total hours worked and consumption must be procyclical.
D) consumption and government spending must be procyclical.
E) consumption and total factor productivity must be procyclical.
Correct Answer:
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Q42: According to our model, increasing G during
Q43: According to the Laffer Curve
A) there may
Q44: A decrease in total factor productivity could
Q45: In the model where G = qT,
Q46: In the model where G = qT,
Q48: The Laffer Curve illustrates the relationship between
A)
Q49: An increase in total factor productivity involves
A)
Q50: Changes in government spending are not likely
Q51: An increase in total factor productivity shifts
Q52: Intertemporal substitution of labour suggests that
A) the
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