Question: A detailed explanation to the question below would be really great. Please help! Thanks in advance! (Chapter 11) Suppose there is a permanent increase in

A detailed explanation to the question below would be really great. Please help! Thanks in advance!

(Chapter 11) Suppose there is a permanent increase in total factor productivity (i.e., both current productivity and future productivity rise). Determine the equilibrium effects of this on current aggregate output, current employment, current real wage and interest rate, current consumption, and current investment. Show howr the impact differs from the case Where total factor productivity is expected to increase only temporarily. Explain your results

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