Intertemporal substitution effects are substitution effects over time.
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Q8: The model predicts that if there is
Q9: An increase in the level of technology,
Q10: If technology, A, increases, then:
A)the MPK and
Q11: The model predicts that if there is
Q12: During an economic expansion due to an
Q14: If technology, A, increases permanently then we
Q15: The cyclical part of real GDP is
A)trend
Q16: The model predicts that an economic expansion
Q17: The model predicts that in a recession
Q18: During an economic expansion due to an
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