If a severe drought decreases labour productivity, explain what happens to a. Potential GDP. b. Employment. c.
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a. Potential GDP.
b. Employment.
c. The real wage rate.
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a The production function curve shifts downward and equilibrium ...View the full answer
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Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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