The aggregate production function is bowed or concave because
A) of the diminishing marginal returns of labor.
B) restriction in capital mobility.
C) of the speed of payment systems.
D) the learning curve for labor.
A
Economics
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A producer cooperative is a retail business owned and operated by some or all of its customers in order to reduce costs
Indicate whether the statement is true or false
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If the Fed wants to lower the federal funds rate, it should:
A. increase the discount rate. B. increase the reserve ratio. C. buy government securities in the open market. D. sell government securities in the open market.
Economics