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Category > Economics Posted 03 May 2017 My Price 4.00

two-period general equilibrium model

Consider the complete two-period general equilibrium model with a temporary positive shock on productivity in the first period (i.e. productivity z only increases in the first period.). What are its effects on current aggregate output, consumption, investment, employment, the real wage, and the real interest rate? Redo the analysis for the case of permanent shock.

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SuperTutor
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Status NEW Posted 03 May 2017 02:05 AM My Price 4.00

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