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chief333 chief333
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A year ago
The following figure shows two aggregate production functions.




Refer to the figure above. As physical capital stock increases from the level that corresponds to point B to the level that corresponds to point A, what can be said about aggregate production function 1 relative to aggregate production function 2?

▸ Output decreases relatively faster.

▸ Output increases relatively faster.

▸ Output increases relatively slower.

▸ Output decreases relatively slower.
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Macroeconomics

Macroeconomics


Edition: 3rd
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nguyenphuc1990nguyenphuc1990
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A year ago
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chief333 Author
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A year ago
You make an excellent tutor!
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Thank you, thank you, thank you!
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Helped a lot
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