Question: In the neoclassical model seen in the class, a persistent increase in total factor productivity A) has a theoretically ambiguous effect on the real wage.

In the neoclassical model seen in the class, a persistent increase in total factor productivity A) has a theoretically ambiguous effect on the real wage. B) unambiguously decreases the real interest rate. C) has a theoretically ambiguous effect on the real interest rate. D) has no effect on the real interest rate. E) unambiguously increases the real interest rate

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