Multiple Choice
Which of the following statements best explains why the productivity function might shift up?
A) The capital stock has increased by a greater percentage than the labor force.
B) There has been an increase in productivity.
C) There has been an increase in the capital stock.
D) There has been a decline in the labor force.
E) There has been a technological improvement.
Correct Answer:
Verified
Correct Answer:
Verified
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