A new discovery cuts in half the workers needed to produce any given quantity of output. This

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A new discovery cuts in half the workers needed to produce any given quantity of output. This is true for the whole economy. What will happen to total output, assuming full employment? What is this called?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:01 AM

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A new discovery cuts in half the workers needed to produce any given quantity of output. This

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If workers are fully employed then output per worker ou...View the full answer

Economics Barrons Business Review Series

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