Multiple Choice
The 1990s U.S. economy enjoyed a technology jump in the form of the Internet. Which of the following is likely to be predicted by a DSGE model?
i. A decline in the marginal product of labor
ii. A decrease in output
iii. An increase in the real wage
A) iii
B) ii
C) i
D) i and ii
E) ii and iii
Correct Answer:
Verified
Correct Answer:
Verified
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