9. Why does the classical model perform better than the Keynesian model in explaining the business fact

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9. Why does the classical model perform better than the Keynesian model in explaining the business fact of procyclical labor productivity? How can the concept of labor hoarding help Keynesians improve their model’s prediction?

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Macroeconomics Global Edition

ISBN: 978-1292318615

10th Edition

Authors: Andrew Abel ,Ben Bernanke ,Dean Croushore

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Question Posted: Nov 14, 2024 06:00 AM

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9. Why does the classical model perform better than the Keynesian model in explaining the business fact

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Macroeconomics Global Edition

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