A production function in macroeconomic theory provides information about
A) how much capital is required to maintain the natural rate of unemployment over the short term.
B) how much capital is required to maintain the natural rate of unemployment over the long term.
C) how much output can be produced from various combinations of capital and labor regardless of the feasibility of those combinations.
D) how much output can be produced from various feasible combinations of capital and labor near full capacity and potential employment.
E) none of the above.
Correct Answer:
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A)
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