2012 Macro Multiple Choice
(PPC, LRAS, Productivity, Growth)
Answer - (E)
Answer - (E)
(A) Physical Capital - capital formation would increase labor productivity
(B) Human Capital - smarter/more skilled humans would increase labor productivity
(C) Technology - would increase labor productivity
(D) Educational Achievement - smarter/more skilled humans would increase labor productivity
(E) Labor Force - is the least likely to increase productivity
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