Other things constant, an increase in the real interest rate will
a. cause consumers to reduce their purchases of durable items like appliances and automobiles.
b. induce businesses to increase their level of investment.
c. make borrowing money more attractive.
d. increase the natural rate of unemployment.
A
Economics
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All else equal, as the capital stock increases, the marginal product of capital will
A) increase at an increasing rate. B) increase at a decreasing rate. C) decrease at an increasing rate. D) decrease at a decreasing rate.
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Positive economics concerns
a. reflections of a country's values b. judgments on the merit of an economic outcome c. statements of fact concerning the economy d. analysis of what ought to be e. analysis of all good or positive market outcomes
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