Multiple Choice
When a production function is graphed with Real GDP on the vertical axis and labor on the horizontal axis,a rise in labor ________________________which shifts the LRAS curve ____________ resulting in ______________________.
A) shifts the production function up; rightward; economic growth
B) shifts the production function down; leftward; a shrinking economy
C) moves us up along a given production function; rightward; economic growth
D) moves us down along a given production function; leftward; a shrinking economy
Correct Answer:
Verified
Correct Answer:
Verified
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