This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had a consistent ... (Read 52 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had a consistent result ________.
 
  A) a decline in the MPK
  B) a decline in the real rental price of capital
  C) a decline in stock prices
  D) all of the above
  E) none of the above

Question 2

Equilibrium market prices for capital and labor are 10 and 8, respectively. Then, the economy experiences one or more supply shocks, so that the marginal product of capital is 9, and the marginal product of labor is 6.
 
  Assuming that the available quantities of capital and labor are fixed, which of the following is (are) likely to decrease as the economy approaches its new equilibrium? A) economic profits
  B) real rental price of capital
  C) total output
  D) the quantity of capital in use
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


rl

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Thank you :)


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

This is a still image from an animation of ocean surface currents from June 2005 to December 2007 This is a still image from an animation of ocean surface currents from June 2005 to December 2007
2008 launch of the SM-3 missile used to destroy American spy satellite USA-193 2008 launch of the SM-3 missile used to destroy American spy satellite USA-193
Abortion Rates by State, 2008 Abortion Rates by State, 2008
Are the resutls from the glucose strip test consistent with the results obtained from the ... Are the resutls from the glucose strip test consistent with the results obtained from the ...
Older people who experienced stressful events in their younger years may show personal growth and ... Older people who experienced stressful events in their younger years may show personal growth and ...
The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007). The human eye, a product of 600 million years of evolution (Lamb, Collin, & Pugh, 2007).
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library