Author Question: In the short-run production function, the following variables must be endogenous: a. technology. ... (Read 56 times)

sheilaspns · **on:** Jun 30, 2018

In the short-run production function, the following variables must be endogenous:

a. technology.
b. labor input.
c. capital input.
d. b and c.
e. none of the above.

Question 2

Possible sources of an upward bias in the CPI include the

a. quantity adjustment bias.
b. substitution bias.
c. new products bias.
d. Both b and c
e. All of the above