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s for Review 1. Evaluate the following statement: Because there is no role for activist policy in the Neoclassical model, declines in productivity are welfare

s for Review 1. Evaluate the following statement: Because there is no role for activist policy in the Neoclassical model, declines in productivity are welfare improving. 2. Why might measured TFP be an incorrect measure of true productivity? 3. What is concerning about excluding meaningful heterogeneity in the Neo- classical model? 490

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