Which of the following causes an economy to move rightward along the aggregate production function?
A) A decrease in the capital stock B) An improvement in technology
C) An increase in the productivity of workers D) An increase in the price level
C
Economics
You might also like to view...
Under which of the following does a monopoly's demand curve become its marginal revenue curve?
A) all types of monopoly B) only single-price monopoly C) only perfect price discrimination D) only price discrimination on the basis of the number of units purchased E) any monopoly that price discriminates
Economics
The period of growth in real GDP between the trough of the business cycle and the next peak is called the
a. recessionary phase. b. expansionary phase. c. contractionary phase. d. cyclical phase.
Economics