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What term describes the process of an economy as a whole turning economic inputs such as labor, machinery, and raw materials into outputs such as
What term describes the process of an economy as a whole turning economic inputs such as labor, machinery, and raw materials into outputs such as goods and services?
Question 26 options:
a) | Labor production function |
b) | Aggregate production function |
c) | Aggregate output function |
d) | Input production function |
explain it clearly and need only typed answers
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