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Author Question: Suppose a country's labor supply increases in a year while its capital stock remains constant. Which ... (Read 97 times)

chads108

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on: Jun 30, 2018
Suppose a country's labor supply increases in a year while its capital stock remains constant. Which of the following is likely to happen in this case if output is a function of capital and total efficiency units of labor?
 
  A) Its total output will increase. B) Its total output will decrease.
  C) Its output per capita will decrease. D) Its total output will remain constant.

Question 2

Figure 4.3 illustrates the demand for tacos. A decrease in the demand for tacos is represented by the movement from
 
  A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Tabitha_2016

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

C


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