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ECON 2400

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York University Department of Economics Faculty of Arts ASECON 2400 M Intermediate Macroeconomic Theory I Instructor Tasso AdamopoulosTest 1 Wednesday April 8 2009Duration 50 minutes Aids You may use a calculator Section I Multiple Choice Questions total marks 32 Each correct multiple choice answer is worth 4 marksTotal time needed for section I 10 minutes 1 A level of the parameterof the CobbDouglas production near one means A that the extra amount of output made possible by each additional unit of capital declines very slowly as the capital stock increases B that the extra amount of output made possible by each additional unit of savings declines very quickly as th
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