The decreasing slope of a production function reflects
A) increasing aggregate demand.
B) diminishing returns.
C) rising unemployment.
D) decreasing costs.
Correct Answer:
Verified
Q83: When labour productivity increases, the demand for
Q84: Suppose a nation's population grows by 2
Q85: A higher savings rate that leads to
Q86: Because of the choices people make in
Q87: The aggregate production function shows that an
Q89: If the real wage rate is such
Q90: Which of the following does NOT increase
Q91: The labour force participation rate
A)has an inverse
Q92: The supply of labour curve is
A)horizontal at
Q93: Neoclassical growth theory attributes economic growth to
A)the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents