Multiple Choice
The assumption that the aggregate production function exhibits decreasing returns to capital (K) implies that a 5% increase in K will cause:
A) no change in Y/N.
B) a decrease in Y/N.
C) a decrease in K/N.
D) Y to increase by less than 5%.
E) Y to increase by exactly 5%.
Correct Answer:
Verified
Correct Answer:
Verified
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