In Neoclassical Growth Theory,an Increase in the Labour Force ________

question 88

Multiple Choice

In Neoclassical growth theory,an increase in the labour force ________ total output and ________ total output per person.

• A)increases; increases
• B)increases; leaves constant
• C)increases; reduces
• D)leaves constant; leaves constant
• E)leaves constant; reduces

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Definitions:

Security Interest

A legal claim on assets granted to a creditor to secure a loan, ensuring priority payment in the event of the debtor's default.

Personal Property

Movable assets or belongings that are not attached to or associated with real estate.

Payment

The transfer of money, goods, or services from one party to another as a fulfillment of an obligation.

Possession

The state or fact of owning, having, or controlling something.