Procyclical Total Factor Productivity (TFP)could Be Caused by

question 44

Multiple Choice

Procyclical total factor productivity (TFP) could be caused by

• A)the labour input to production is countercyclical.
• B)lower average labour productivity when real GDP is high.
• C)when TFP rises, real GDP falls.
• D)measurement error.
• E)lower investment when real GDP is high.

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The practice of hiring a third-party company to handle billing and invoicing functions.

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