Let the marginal product of capital (MPK ) be 6; the marginal product of labor (MPL) be 2; the price of labor is given by $10 . What will be the price of capital such that the isocost and the isoquant are tangent to each other?

An increase in the unemployment rate may be represented as a movement from a point on the production possibilities frontier to a different point on the frontier

Indicate whether the statement is true or false

According to the household liquidity effect, an expansionary monetary policy causes a ________ in the value of households' financial assets, causing consumer durable expenditure to ________

A) decline; rise B) rise; rise C) rise; fall D) decline; fall