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For the Economy as a Whole,the Relationship Between Output and Capital

Question 1

Multiple Choice

For the economy as a whole,the relationship between output and capital is typically such that


A) the production function is downward-sloping
B) the marginal product curve is downward-sloping
C) output rises at an increasing rate as capital is accumulating
D) the capital stock falls as output rises
E) output is independent of the capital stock

Correct Answer:

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