Author Question: The aggregate production function relating real GDP to labor hours A) has a constant slope. B) ... (Read 109 times)

formula1 · **on:** Jun 29, 2018

The aggregate production function relating real GDP to labor hours

A) has a constant slope.
B) has a negative slope.
C) has a positive slope and becomes steeper as employment increases.
D) has a positive slope and becomes less steep as employment increases.

Question 2

The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Canadian dollar ________ against the U.S. dollar and the Japanese yen ________ against the U.S. dollar

A) depreciated, depreciated
B) appreciated, appreciated
C) appreciated, depreciated
D) depreciated, appreciated