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Author Question: An increase in total factor productivity has different effects in an open economy relative to a ... (Read 136 times)

eruditmonkey@yahoo.com

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on: Jan 2, 2020
An increase in total factor productivity has different effects in an open economy relative to a closed economy because
◦ the real interest rate does not change in the closed economy.
◦ the real interest rate decreases in the open economy and increases in the closed economy.
◦ the real interest rate does not change in the open economy.
◦ the change in the real interest rate involves a substitution effect only in the open economy.
◦ it is a positive income effect in the closed economy and a negative one in the open economy.
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
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Marked as best answer by eruditmonkey@yahoo.com on Jan 2, 2020

katieost

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Reply #1 on: Jan 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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eruditmonkey@yahoo.com

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Reply 2 on: Jan 2, 2020
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
:D TYSM

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