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a) Exercise 2 7 pts Use the Monetary Intertemporal Model that we saw in class to predict the effects of a persistent negative TFP shock

a)
Exercise 2 7 pts Use the Monetary Intertemporal Model that we saw in class to predict the effects of a persistent negative TFP shock on employment, consumption, investment, output, prices, real interest rate, real wage and on the average labor productivity. Detail fully, i.e. use graphs and explain your reasoning

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