Multiple Choice
As additional units of labor hours are employed,holding all other factors constant,along the production function,
A) real GDP increases at an increasing rate.
B) nominal GDP decreases at an increasing rate.
C) real GDP increases at a decreasing rate.
D) real GDP increase at a constant rate.
E) real GDP initially decreases and then starts to increase.
Correct Answer:
Verified
Correct Answer:
Verified
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