The idea of "diminishing returns" means that real GDP ________ as the quantity of labor increases.
A) increases at a slower rate
B) decreases at a slower rate
C) increases at a faster rate
D) decreases at a faster rate
E) does not change
Correct Answer:
Verified
Q21: The sustainable upper limit of real GDP
Q22: The _ describes the relationship between the
Q23: Which of the following statement or statements
Q24: A country reports that its actual real
Q25: Over the business cycle,real GDP fluctuates around
A)the
Q27: The production function is a relationship between
Q28: Choose which statement is most correct.
A)Real GDP
Q29: As an economic expansion approaches its peak,it
Q30: Which of the following is true?
A)Real GDP
Q31: Diminishing returns means that
A)each additional unit of
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