The aggregate production function shows the quantity and quality of resources used in production given the efficiency with which resources are utilized and the prevailing technology.

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This statement is true. The aggregate production function is a key concept in macroeconomics and shows how inputs such as labor, capital, and technology combine to produce output in an economy. It takes into account the efficiency with which resources are used and the level of technology available.

The Aggregate Production Function Shows the Quantity and Quality of Resources