If the saving rate increases, a country's growth rate of real GDP ...

[jwb375]

If the saving rate increases, a country's growth rate of real GDP per hour of labor ________ and capital per hour of labor ________.
 
  A) increases; increases
  B) increases; decreases
  C) decreases; increases
  D) decreases; decreases

Question 2

In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of 600 per month. Then the government imposes a rent ceiling of 500 per month, which causes a shortage.
 
  Suppose that apartments are a normal good and incomes rise. The increase in income A) decreases the shortage.
  B) has no effect on the shortage.
  C) increases the shortage.
  D) raises the rent.

[GCabra]

Answer to Question 1

A

Answer to Question 2

C

[jwb375]

Thanks for the timely response, appreciate it

[marict]

TYSM