Author Question: The aggregate production function shows that an economy increases its real GDP in the short run by ... (Read 150 times)

iveyjurea · **on:** Jun 29, 2018

The aggregate production function shows that an economy increases its real GDP in the short run by

A) developing new technologies.
B) increasing its physical capital stock.
C) using more labor.
D) exploring for new deposits of natural resources.

Question 2

Frank spends Saturday afternoon at the Dodge dealership looking at new trucks. The model that he is interested in has a sticker price of 29,000. The fact that the price is quoted in dollars is an example of money used as a

A) medium of exchange.
B) unit of account
C) store of value.
D) All of the above answers are correct.