Answer to Question #54909 in Macroeconomics for jennifer
while the stock of capital remains unchanged:
a. the equilibrium real rental rate of capital will decrease.
b. the equilibrium real wage will increase.
c. the demand curve for capital will shift up.
d. the demand curve for labor will shift up.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!