Output
Investment
Consumption (Aggregate) Real Wage
0.5
2468 10 2468 10
Marginal Costs Tobin’s Q
0∣—■--------■--------■--------■--------
0
-0.5
2 4 6 8 10
-«>.......--'•'
-1 —.-------.-------.-------.-------
2 4 6 8 10
Figure 7: Estimated Impulse Responses to a Price Mark-up Shock
50
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