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    Exam 5: A Closed-Economy One-Period Macroeconomic Model
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    An Increase in Total Factor Productivity Involves
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An Increase in Total Factor Productivity Involves

Question 11

Question 11

Multiple Choice

An increase in total factor productivity involves


A) more government spending.
B) a reduced real wage.
C) an increase in the capital stock.
D) a better technology for converting factor inputs into aggregate output.
E) a more educated workforce.

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