If the saving rate is 1 (i.e., s = 1), we know that
A) K/N will be at its highest level.
B) Y/N will be at its highest level.
C) C/N = 0.
D) all of the above
D
Economics
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In the above table, what is marginal product of labor for the 5th worker?
A) 10 B) 14 C) 9 D) 11.2
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An increase in oil prices will
A) shift the short-run aggregate supply curve up and to the left. B) shift the short-run aggregate supply curve down and to the right. C) cause a movement along the short-run aggregate supply curve. D) not affect the short-run aggregate supply curve.
Economics