D A: FLKHN) A:F(L,KH,N) 7- Suppose the U.S. economy is producing at point A on Production Function 1 (F). An increase in the labor force participation rate causes more labor to be used in production. The direct effect of this shift is to move the economy O A. Point A O B. Point B OC Point C O D. Point D O E. Point E

D A: FLKHN) A:F(L,KH,N) 7- Suppose the U.S. economy is producing at point A on Production Function 1 (F). An increase in the labor force participation rate causes more labor to be used in production. The direct effect of this shift is to move the economy O A. Point A O B. Point B OC Point C O D. Point D O E. Point E

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

D
A: F(LKHN)
C
A:F(L,KH N)
7-
Suppose the U.S. economy is producing at point A on Production Function 1 (F). An increase in the labor force participation rate
causes more labor to be used in production. The direct effect of this shift is to move the economy
O A. Point A
O B. Point B
OC. Point C
O D. Point D
O E. Point E

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