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When using a production function to estimate potential output: Question 9 options: Provides useful information of the contribution of consumption, investment and government spending to
When using a production function to estimate potential output: Question 9 options: Provides useful information of the contribution of consumption, investment and government spending to the any downturn in activity It is important to take account of capital utilisation rates Is equivalent to using a Hodrick-Precott filter so it is not worth the effort Provides useful information of the contribution of capital, labour and TFP to the any downturn in activity
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