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rasnulx rasnulx
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A year ago
Suppose a country's labor supply increases in a year while its physical capital stock remains constant. Which of the following is likely to happen in this case if output is a function of capital and the total efficiency units of labor?

▸ Its total output will remain constant.

▸ Its total output will decrease.

▸ Its total output will increase.

▸ Its output per capita will decrease.
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Macroeconomics

Macroeconomics


Edition: 3rd
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thomas1993thomas1993
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A year ago
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rasnulx Author
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A year ago
This calls for a celebration Person Raising Both Hands in Celebration
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Smart ... Thanks!
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Thanks
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