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Diminishing returns to labour implies that eventually the marginal product of labour will become negative.
Q12: According to the IS-MP-PC model, a technological
Q12: Which is not a role performed by
Q21: When the capital utilization rate, <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8790/.jpg"
Q23: Saving is income that is not consumed.
Q35: The data show a tendency of output
Q35: Real GDP equals:<br>A)trend real GDP plus the
Q36: In the one period budget constraint the
Q38: Money is different from other assets like
Q44: A bond that is traded in the
Q54: Higher capital utilization rates may raise user