Question
The final shock is a productivity shock in the happy direction where the marginal product of labor, the MPN, rises by 2 for EACH worker
The final shock is a productivity shock in the happy direction where the marginal product of labor, the MPN, rises by 2 for EACH worker (we did this in class!). We go back to original conditions with wages (W) = $100. Please fill in the following Table (10 points).
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
