Question: ssuming the production function is Y = A K 0 . 3 N 0 . 7 , what would happen to output if total factor
ssuming the production function is what would happen to output if total factor productivity, ubled?
A There would be no chande in output.
B Output would increase to less than double its original level.
C Output would increase to double its original level.
D Output would increase to more than double its original level
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