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Posted on Jun 21, 2024

2. Let's suppose that a new training program is introduced to help workers gain more and better skills to adapt to a challenging labor market.

2. Let's suppose that a new training program is introduced to help workers gain more and better skills to adapt to a challenging labor market. The execution of the program is planned to increase total factor productivity (A) through firm innovation. Explain how it might affect the overall production and labor and capital productivity. Use graphs and economic models to support your explanations. Explain thoughtfully

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