An increase in total factor productivity shifts the production function
A) upward and reduces the marginal product of labour.
B) upwards and increases the marginal product of labour.
C) downward and reduces the marginal product of labour.
D) downward and increases the marginal product of labour.
E) downward and also reduces its slope.
Correct Answer:
Verified
Q37: An increase in government spending shifts the
Q38: The marginal rate of transformation is equal
Q39: An increase in government spending
A) increases consumption,
Q40: A Pareto optimum requires Q41: According to our model,increasing G during a Q43: An increase in total factor productivity shifts Q44: The Solow residual attempts to measure changes Q45: Changes in government spending are not likely Q46: Intertemporal substitution of labour suggests that Q47: Changes in total factor productivity are plausible
A) 
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