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 ________________________,and a rise in the technology coefficient __________________.
A) shifts the production function upward; also shifts the production function upward
B) moves us up along a given production function; shifts the production function upward
C) shifts the production function downward; shifts the production function upward
D) shifts the production function upward; moves us up along a given production function
Correct Answer:
Verified
Correct Answer:
Verified
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