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    Exam 27: The Classical Long-Run Policy Model: Growth and Supply-Side Policies
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    Diminishing Marginal Productivity Implies That a Proportional Increase in All
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Diminishing Marginal Productivity Implies That a Proportional Increase in All

Question 74

Question 74

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Diminishing marginal productivity implies that a proportional increase in all inputs will produce a less than proportional increase in output.

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