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Question
The figure above shows the U.S. production function. How would an increase in unemployment benefits be shown in the figure?
A) a movement from point C to point B
B) a movement from point A to point B
C) an upward shift or rotation of the production function
D) a downward shift or rotation of the production function
E) None of the above because the effects of an increase in unemployment benefits cannot be shown in the figure.
Answer
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Related questions
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D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
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