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




Refer to the figure above. Assume the economy is at point B of the aggregate production function 2 in 2010. It will move toward point A in 2012 if the ________.

▸ quantity of physical capital increases and technology remains constant

▸ number of workers increases and technology remains constant

▸ total efficiency units of labor increase and technology increases

▸ quantity of physical capital increases and technology increases
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Macroeconomics

Macroeconomics


Edition: 3rd
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silvermoon197silvermoon197
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A year ago
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