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

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.8P

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