3. Total factor productivity typically during recessions, which could be due to labor hoarding or shocks to

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3. Total factor productivity typically during recessions, which could be due to labor hoarding or shocks to technology.

a. falls, favorable

b. falls, adverse

c. rises, favorable

d. rises, adverse

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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