Multiple Choice
Suppose that the production function for an economy is graphed with Real GDP on the vertical axis and labor on the horizontal axis.When the level of capital in this economy rises,it causes ____________________which shifts the LRAS curve ____________ resulting in ______________________.
A) a movement down along a given production function; leftward; a shrinking economy
B) the production function to shift downward; leftward; a shrinking economy
C) a movement up along a given production function; rightward; economic growth
D) the production function to shift upward; rightward; economic growth
Correct Answer:

Verified
Correct Answer:
Verified
Q1: _ rights refer to the range of
Q2: When interest rates in a given economy
Q3: The Real GDP of country X doubled
Q4: The Real GDP of country X doubled
Q6: Neoclassical growth theory emphasized how _ contribute
Q7: Business cycle macroeconomics deals with _Natural Real
Q8: Per-capita real economic growth refers to an
Q9: Real GDP in a small country is
Q10: According to economist Benjamin Friedman,sustained economic growth
Q11: According to Paul Romer,one way to produce