An increase in the quantity of capital increases ________ and increase in the full-employment quantity of labor increases ________
A) the SAS and the LAS; only the SAS
B) the SAS and the LAS; only the LAS
C) the SAS and the LAS; the SAS and the LAS
D) only the LAS; the SAS and the LAS
C
Economics
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Refer to Figure 7-2. At the market equilibrium
A) the marginal cost is less than the marginal benefit. B) the marginal cost is greater than the marginal benefit. C) the marginal cost is equal to the marginal benefit. D) the marginal cost is zero.
Economics
Suppose there is a tax cut. This tax cut would have a direct effect on which of the following?
A) financial wealth B) housing wealth C) human wealth D) none of the above
Economics