In the long run, a reduction in productivity will cause
A. a decrease in the capital-labor ratio and an increase in consumption per worker.
B. an increase in the capital-labor ratio and an increase in consumption per worker.
C. an increase in the capital-labor ratio and a decrease in consumption per worker.
D. a decrease in the capital-labor ratio and a decrease in consumption per worker.
Answer: D
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
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A. Case A
B. Case B
C. Case C
D. Case D
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