The following questions are about the one-period, Business Economics

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The following questions are about the one-period

The following questions are about the one-period macroeconomic model discussed in class. Notice that nothing has been specified about the preferences of the consumer or the production technology of the firm.

Suppose there is a new production technology that increases total factor productivity, z. How does this effect the labor supply choice of the representative consumer?

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Business Economics: The following questions are about the one-period

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Business Economics: The following questions are about the one-period

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