Multiple Choice
With fixed quantities of capital, land, and entrepreneurship and fixed technology, the amount of real GDP produced increases when ________ increases. i. the quantity of labor employed
Ii. the inflation rate
Iii. the price level
A) i only
B) ii only
C) iii only
D) ii and iii
E) i, ii, and iii
Correct Answer:
Verified
Correct Answer:
Verified
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