Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. The level of productivity is
A) 20.
B) 10.
C) 5.
D) 2.
Correct Answer:
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Q38: Q39: Suppose that technological advancements stimulate $20 billion Q40: The aggregate supply curve (short run) Q41: Which one of the following would increase Q42: An economy is employing 2 units of Q44: A rightward shift in the aggregate supply Q45: Other things equal, an improvement in productivity Q46: Which of the following would not shift Q47: The determinants of aggregate supply Q48: Suppose that real domestic output in an
A) graphs
A) are consumption,
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