An aggregate production function:
A) shows various combinations of labor and capital that can be used to produce a particular good.
B) shows various quantities of two goods that can be produced at a given cost.
C) shows the relationship between a country's GDP and its factors of production.
D) shows the relationship between a country's output and its price level.
C
Economics
You might also like to view...
The advantage of a nominal anchor is that it prevents a limitless rise in the
A) national debt. B) nominal interest rate. C) inflation rate. D) unemployment rate.
Economics
A cartel is
a. a group of firms promoting competition. b. most common in monopolistic competition. c. a collusive group of firms. d. no longer possible in our global economy.
Economics