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Faster processing of many manufactured goods

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Reference no: EM131966375

Please Explain the effect of the following on: (i) the Aggregate Production Function (make sure you both show graphically and explain why) (ii) GDP

a. A new off-shore oil deposit is discovered

b. Immigration policy in Australia changes that leads to an increase in immigrants by 30%.

c. New technology is developed that allows for faster processing of many manufactured goods.

Reference no: EM131966375

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