Unemployment and inflation are important determinants of short-run material welfare, whereas productivity growth is an important determinant of long-run material well-being
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Using the real business cycle theory, explain the effects of an adverse technological shock on the labor market and on the output market. Illustrate graphically how the adverse technology shock affects labor demand and supply
Why is this theory controversial?
Economics
What do behavioral economics and neuroeconomics seek to achieve?
What will be an ideal response?
Economics