When labour productivity decreases, there is _______ the aggregate production function and _______ in potential GDP.
A) a movement down along; no change
B) a downward shift of; a decrease
C) a downward shift of; no change
D) a movement down along; a decrease
E) neither a movement along nor a shift of; no change
Correct Answer:
Verified
Q41: When labour productivity decreases, the
A)supply of labour
Q42: When the population increases, potential GDP _
Q43: Q44: Use the figure below to answer the Q45: A movement along the aggregate production function Q47: The aggregate production function shows how _changes Q48: If an increase in capital increases labour Q49: Ceteris paribus, an increase in labour productivity Q50: If real GDP is $12,150 billion and Q51: When the population increases with no change
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