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The production function shows that as employment increases, real GDP

Loraine

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The production function shows that as employment increases, real GDP

The production function shows that as employment increases, real GDP
A) increases at an increasing rate.
B) increases at a decreasing rate.
C) increases at a constant rate.
D) decreases at a decreasing rate.
E) increases until it reaches potential GDP and then it starts to decrease.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 418 times

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Smoooth

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