Author Question: If the saving rate increases, a country's growth rate of real GDP per hour of labor ________ and ... (Read 142 times)

jwb375 · **on:** Jun 29, 2018

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.