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6. (10 points) Suppose that the price of oil temporarily increases. (a) Will this cause current total factor productivity, .3, to increase or decrease? (b)

6. (10 points) Suppose that the price of oil temporarily increases. (a) Will this cause current total factor productivity, .3, to increase or decrease? (b) Using the real interteniporal model we developed in class, show graphically how the oil price change would affect output, employment, real wages and the real interest rate. What happens to consumption and investment

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