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Question 2.3 Can we measure potential output directly? Can we use the model to provide an estimate of the potential output? I Consider an alternative

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Question 2.3 Can we measure potential output directly? Can we use the model to provide an estimate of the potential output? I Consider an alternative model of production Yr = 14th (lerQ where e: is the effort workers exert when working. Instead of utilizing capital more inten- sively during an expansion, in this model the rm asks the workers to work harder

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