As Additional Units of Labor Hours Are Employed, Holding All

question 65

Multiple Choice

As additional units of labor hours are employed, holding all other factors constant, along the production function,

• A)real GDP increase at a constant rate.
• B)real GDP increases at a decreasing rate.
• C)nominal GDP decreases at an increasing rate.
• D)real GDP increases at an increasing rate.
• E)real GDP initially decreases and then starts to increase.

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