When the productivity of capital decreases, _____
a. the demand curve for capital shifts to the right
b. the price of the good in which capital is used as a resource increases
c. the supply curve for capital shifts to the left
d. the equilibrium rental rate of capital decreases
d
Economics
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If purchasing power parity holds between the U.S. and China:
A. the real exchange rate must be 1. B. the U.S. must no longer have a trade deficit. C. the nominal exchange rate must be 1. D. China must no longer have a trade deficit.
Economics
During a recession, we generally see
real GDP rising and unemployment rising real GDP falling and unemployment rising real GDP rising and inflation rising real GDP rising and inflation staying stable
Economics