Y = A KL

Y = A K^1-aL^1+a

Y = A K^aL^1-a

Y = A K^aL^1+a

diminishing opportunity costs

the law of indifference curves

diminishing returns to capital

diminishing returns to selfishness

aggregate demand and supply model

real GDP in Japan increases

Australian consumers decrease their preference for Japanese cars

real GDP in Australia increases

the Reserve Bank of Australia tightens monetary policy

a proportionate rise in one of the primary factors of production leading to the same proportionate rise in output

a proportionate rise in one primary factor of production leading to the same proportionate rise in all other primary factors of production

a proportionate rise in both primary factors of production leading to the same proportionate rise in output

a proportionate rise in secondary factors of production leading to the same proportionate rise in output

increases

decreases

may either increase or decrease

does not change

9300; 9700

9300; 9400

9300; 9500

9700; 9700

rise and, thus, short-run equilibrium output decreases

rise and, thus, short-run equilibrium output increases

fall and, thus, short-run equilibrium output increases

fall and, thus, short-run equilibrium output decreases

$15 000

$20 000

$40 000

$1000

$10 000

Covid tracing

factor accounting

forensic accounting

the Cobb-Douglas production function

growth accounting

increases

decreases

may increase or decrease, depending on the change in the share of population employed

remains constant