Moving along the aggregate production function, all of the following are held constant EXCEPT

Name: Moving along the aggregate production function, all of the following are held constant EXCEPT
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the aggregate production function, technology, human capital, and capital are all considered long-term factors that affect productivity. Therefore, they are held constant while looking at the short-term impact of changes in labor input on output.

Moving Along the Aggregate Production Function, All of the Following