Author Question: Refer to Figure 13-1. Ceteris paribus, a decrease in firms' expectations of the future profitability ... (Read 142 times)

Lisaclaire · **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