Question: Aggregate Production Function 1 Aggregate Production Function 2 K = Physical capital stock Refer to the figure above. Which of the following best describes the


Aggregate Production Function 1 Aggregate Production Function 2 K = Physical capital stock Refer to the figure above. Which of the following best describes the difference between aggregate production functions 1 and 2? 0 Physical capital stock is lower for function 1. 0 Physical capital stock is higher for function 1. 0 Better innovative technology is employed in function 1. 0 Less innovative technology is employed in function 1
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