A supply shock that reduces total factor productivity directly affects which term in the production function Y = AF(K,N)?
A)A
B)F
C)K
D)N

Name: A supply shock that reduces total factor productivity directly affects which term in the production function Y = AF(K,N)? A)A B)F C)K D)N
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Question

Quizplus · Accepted Answer

Total factor productivity is represented by variable A in the production function Y = AF(K,N). A supply shock that reduces total factor productivity directly affects variable A in the production function.

A Supply Shock That Reduces Total Factor Productivity Directly Affects