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In the Long Run, What Determines the Level of Total

Question 1

Multiple Choice

In the long run, what determines the level of total production of goods and services in an economy?


A) the interest rate and the amount of national saving
B) the quantity of capital, quantity of labor, and production technology
C) consumption, investment, and government spending
D) the marginal products of capital and labor, constant returns to scale, and competition

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