The aggregate production function is the mathematical representation of the technological relationship between
A) national output and fiscal policy.
B) national output and inputs.
C) fiscal and monetary policy changes and national output.
D) the rate of capital accumulation and national output.

Question

Quizplus · Accepted Answer

The aggregate production function shows the relationship between inputs, such as labor and capital, and national output. It does not directly consider fiscal or monetary policy, nor does it solely relate to the rate of capital accumulation.

The Aggregate Production Function Is the Mathematical Representation of the Technological