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Author Question: Refer to Figure 22-4. Suppose the per-worker production function in the figure above represents the ... (Read 38 times)

melly21297

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on: Jun 29, 2018
Refer to Figure 22-4. Suppose the per-worker production function in the figure above represents the production function for the U.S. economy.
 
  If the United States decided to cut its support of university research in half, this would cause a movement from
  A) B to D. B) B to E. C) B to C. D) B to A.

Question 2

What is the main reason for changes in GDP in the short run?
 
  What will be an ideal response?


rleezy04

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

The main reason for changes in GDP in the short run is changes in the level of aggregate expenditure.


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melly21297

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Reply #2 on: Jun 29, 2018
Thank you :)


rleezy04

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Reply #3 on: Jun 29, 2018
Happy to help you


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