Holding all factors of production constant except for labor, what happens in an economy when real GDP output increases? The unemployment rate falls and in employment rate increases. The level of...



  1. Holding all factors of production constant except for labor, what happens in an economy when real GDP output increases?




  1. The unemployment rate falls and in employment rate increases.

  2. The level of technology increases as the economy expands.

  3. The level of capital increases as the economy expands.

  4. All of the answers are correct.



Jun 08, 2022
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