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Author Question: The idea that the production function exhibits _______implies that ________. A) increasing ... (Read 88 times)

WhattoUnderstand

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on: Jun 30, 2018
The idea that the production function exhibits _______implies that ________.
 
  A) increasing returns; output should increase steadily as technology grows
  B) constant returns; each additional unit of labor employed generates an increasing amount of real GDP
  C) diminishing returns; the Lucas Wedge increases at output increases
  D) increasing returns; potential GDP is always increasing
  E) diminishing returns; each additional unit of labor employed generates an ever-decreasing amount of real GDP

Question 2

A decrease in the personal income tax rate ________ disposable income which ________ consumption.
 
  A) increases; increases B) increases; decreases
  C) decreases; increases D) decreases; decreases
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Ashley I

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Reply #1 on: Jun 30, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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WhattoUnderstand

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Reply #2 on: Jun 30, 2018
Correct answers!


Ashley I

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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