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A country's physical capital stock decreases after a war while its labor supply and total factor productivity remains constant. Which of the following is likely
A country's physical capital stock decreases after a war while its labor supply and total factor productivity remains constant. Which of the following is likely to happen in this case if the economy's production is best represented by a Cobb-Douglas production function? 0 Its per capita output will remain constant. 0 Its total output will decrease. 0 Its per capita output will increase. 0 None of the above
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