Explain why employment may rise or fall in response to an increase in total factor productivity.

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Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

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Question Posted: Feb 21, 2020 07:53 AM

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Explain why employment may rise or fall in response to an increase in total factor productivity.

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Total factor productivity when increases the wage rate This has an income effect as well as a ...View the full answer

Macroeconomics

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