Macroeconomics Quiz
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LONG-RUN GROWTH & POLICY TRADEOFFS
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Which of the following would lead to an increase in a nation's total factor productivity (TFP)?
A
A government program that provides subsidies for firms to purchase new machinery.
B
A significant increase in the average years of schooling for the workforce.
C
The invention of a new, more efficient method for organizing a factory assembly line.
D
The discovery of a new, large oil reserve within the country's borders.
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