Other things being equal, a technological change that raises the value of marginal product of capital raises the rental rate of capital because the
A) supply curve of capital shifts leftward.
B) supply curve of capital shifts rightward.
C) demand curve for capital shifts rightward.
D) demand curve for capital shifts leftward.
C
Economics
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Recessions are commonly defined to occur
A) whenever unemployment increases. B) when growth in real GDP decreases for two consecutive quarters. C) when growth in real GDP is negative for two consecutive quarters. D) when the unemployment rate exceeds 6 percent.
Economics
If MUx/Px > MUy/Py, the consumer can increase utility by buying less of good y, which means the MUy will rise
a. True b. False
Economics