The aggregate production function shows how much output the economy can produce
A) with different quantities of labor,land,capital and states of technology
B) with different quantities of labor and capital,for given amounts of land and a given state of technology
C) with different quantities of labor,for given amounts of land and capital,and a given state of technology
D) with a given amount of money
E) with different amounts of money and given amounts of land,labor,capital,and a given state of technology
Correct Answer:
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Q53: It is possible for an economy to
Q54: The classical model assumes that
A) the supply
Q55: The economy's level of output depends upon
Q56: An aggregate production function,when shown on a
Q57: What is the full-employment output level?
A) The
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