Macroeconomics
Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
Question
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Chapter 23, Problem 14APA

(a)

To determine

Explain what happens to potential GDP if labor productivity decreases.

(b)

To determine

Explain what happens to employment if labor productivity decreases.

(c)

To determine

Explain what happens to real wage rate if labor productivity decreases.

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