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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Q46: Intertemporal substitution of labour suggests that
A) the
Q47: Changes in total factor productivity are plausible
Q48: According to the Laffer Curve
A) there may
Q49: In response to an increase in total
Q50: Real business cycle theory argues that the
Q52: Changes in government spending are not likely
Q53: The widening productivity gap between Canada and
Q54: An increase in total factor productivity involves
A)
Q55: The Laffer Curve illustrates the relationship between
A)
Q56: In the model where G = qt,when
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