The Aggregate Production Function Is the Mathematical Representation of the Technological

question 152

Multiple Choice

The aggregate production function is the mathematical representation of the technological relationship between

• A) national output and fiscal policy.
• B) national output and inputs.
• C) fiscal and monetary policy changes and national output.
• D) the rate of capital accumulation and national output.

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Definitions:

Senate

The upper house of the United States Congress or of a state legislature, responsible for making and passing laws.

Necessary and Proper Clause

A provision in the U.S. Constitution granting Congress the power to pass all laws necessary and proper for carrying out its enumerated powers.

National Government

The political authority that governs an entire nation, as opposed to local or state governments.

Constitution

A set of fundamental principles or established precedents according to which a state or other organization is governed.