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Suppose an Economy Experiences a 6% Increase in K, N

Question 23

Multiple Choice

Suppose an economy experiences a 6% increase in K, N, and H (human capital) . Given this information, we know with certainty that:


A) Y will increase by less than 6%.
B) Y will increase by more than 6%.
C) Y will not change.
D) Y will increase by exactly 6%.
E) Y will increase by less than 12% but more than 6%.

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