How does the full-employment level of employment, (bar{N}), defined in the Keynesian model differ from that defined

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How does the full-employment level of employment, \(\bar{N}\), defined in the Keynesian model differ from that defined in the classical model? How might a productivity shock affect \(\bar{N}\) for the classical model but not for the Keynesian model?

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Macroeconomics

ISBN: 9780137876037

11th Edition

Authors: Andrew B Abel

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