Suppose the economy is initially in the steady state. A reduction in the depreciation rate (?) will cause
A) an increase in K/N.
B) an increase in the growth rate in the long run.
C) a reduction in C/N.
D) all of the above
A
Economics
A) an increase in K/N.
B) an increase in the growth rate in the long run.
C) a reduction in C/N.
D) all of the above
A
Table 9.4 represents 3 markets for used motorcycles. Which of the markets in Table 14.4 are in equilibrium?