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Please answer correct please asap please Don't answer by pen paper plz 1. Suppose that total factor productivity is expected to decrease in the efficiency

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Please answer correct please asap please

Don't answer by pen paper plz

image text in transcribed
1. Suppose that total factor productivity is expected to decrease in the efficiency wage model. What are the effects on equilibrium output, employment, the real wage, consumption and investment? Explain your conclusions. "

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