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Suppose an economy has an increase in labor input of 60 percent,while output has increased by 100 percent.Assuming no change in total factor productivity,calculate the percentage increase in the capital input.(Use the Cobb-Douglas production function Y = A
. )
Priming
A technique used in psychology and media studies where exposure to certain stimuli influences responses to subsequent related or unrelated stimuli.
Specific Criteria
Explicit standards or requirements set for making decisions or judgments in a particular context.
Evaluating
The process of systematically assessing something to determine its value, impact, or significance.
Fake News
Misinformation or hoaxes spread via traditional news media or online social platforms.
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