Author Question: Refer to the figure above. What does the slope of the aggregate production function imply? A) ... (Read 109 times)

DyllonKazuo · **on:** Jun 30, 2018

Refer to the figure above. What does the slope of the aggregate production function imply?

A) Decreasing returns to scale B) Diminishing marginal product of capital
C) Diminishing marginal product of labor D) Increasing returns to scale

Question 2

Suppose Ariana deposits 75,000 in her bank. If the reserve ratio is 20 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks.

A) 15,000 B) 375,000 C) 750,000 D) 1,500,000