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Exercise 1 (TFU) State whether the statements listed below are true, false, or uncertain and explain why. 1. An improvement in productivity in period 1
Exercise 1 (TFU) State whether the statements listed below are true, false, or uncertain and explain why. 1. An improvement in productivity in period 1 (higher A1) causes an increase in net investment income in period 2. 2. Good news about future productivity increases consumption already now regardless of whether the economy is open or closed
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