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Author Question: Refer to Figure 13-1. Ceteris paribus, a decrease in firms' expectations of the future profitability ... (Read 122 times)

Lisaclaire

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on: Jun 29, 2018
Refer to Figure 13-1. Ceteris paribus, a decrease in firms' expectations of the future profitability of investment spending would be represented by a movement from
 
  A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

Question 2

In a small European country, it is estimated that a 10,000 increase in capital per hour worked will increase real GDP per hour worked by 300. Based on this information, what is the slope of the per-worker production function in this range?
 
  A) 0.03 B) 3.3 C) 33.3 D) 333


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jlaineee

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Lisaclaire

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

LVPMS

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Reply 3 on: Yesterday
Excellent

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