43. According to real business cycle theorists, as a result of a negative productivity shock, a. the

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43. According to real business cycle theorists, as a result of a negative productivity shock,

a. the marginal productivity of labor will fall.

b. the real wage rate will fall.

c. the average hours of work will fall.

d. investment will fall.

e. All of the above will occur.

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 30, 2024 06:00 AM

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43. According to real business cycle theorists, as a result of a negative productivity shock, a. the

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Exploring Macroeconomics

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