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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 4
How Potential GDP Grows
If a large increase in investment increases labor productivity, explain what happens to
a. Potential GDP.
b. Employment.
c. The real wage rate.
If a large increase in investment increases labor productivity, explain what happens to
a. Potential GDP.
b. Employment.
c. The real wage rate.
Explanation
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Verified
b) Increase in labour productivity leads...
Macroeconomics 11th Edition by Michael Parkin
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