An increase in the capital stock has the same effect on the production function as an increase in

a. labor.
b. output.
c. GDP.
d. technology.

d

Economics

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The Taft-Hartley Act of 1947 made

A) union shops illegal. B) closed shops illegal. C) sympathy strikes legal. D) secondary boycotts legal.

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The existence of inflation and other possible uncertainties reduces the usefulness of money as a store of value

a. True b. False Indicate whether the statement is true or false

Economics