An increase in total factor productivity shifts the production function
A) upward, but does not change its slope.
B) upward, and also changes its slope.
C) downward, but does not change its slope.
D) downward, and also changes its slope.
E) upward, but reduces the marginal product of labour.
Correct Answer:
Verified
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 Q42: 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 Q48: According to the Laffer Curve
A) 
A) the
A) there may
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