Assuming that w and r are both positive, if the long-run expansion path is horizontal, then
A) MPK = 0.
B) MRTS is a function of capital only.
C) w = r.
D) All of the above.
B
Economics
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Which of the following statistics is the best single measure of overall economic activity?
A) The labor force participation rate. B) The inflation rate. C) GDP. D) The trade surplus.
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Which of the following equations is correct?
a. Y = C + I + G + NCO b. NX = NCO c. NCO = S - I d. All of the above are correct.
Economics