This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had a consistent ... (Read 127 times)

rl

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
The three oil shocks the U.S. experienced in 1973-1974, 1979-1980 and 2007-2008 had a consistent result ________.
 
  A) a decline in the MPK
  B) a decline in the real rental price of capital
  C) a decline in stock prices
  D) all of the above
  E) none of the above

Question 2

Equilibrium market prices for capital and labor are 10 and 8, respectively. Then, the economy experiences one or more supply shocks, so that the marginal product of capital is 9, and the marginal product of labor is 6.
 
  Assuming that the available quantities of capital and labor are fixed, which of the following is (are) likely to decrease as the economy approaches its new equilibrium? A) economic profits
  B) real rental price of capital
  C) total output
  D) the quantity of capital in use
  E) none of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

B


rl

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Thank you :)


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Vision with macular degeneration is experienced with an inability to focus in the center of the visu Vision with macular degeneration is experienced with an inability to focus in the center of the visu
Examples of Scenarios Involving Nonmoral, Impersonal Moral, and Personal Moral Judgments from the St Examples of Scenarios Involving Nonmoral, Impersonal Moral, and Personal Moral Judgments from the St
The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc The terrorist attack of September 11, 2001, is surely a defining event for the cohorts who experienc
In 1979 Islamic militants held American embassy workers hostage in Tehran. In 1979 Islamic militants held American embassy workers hostage in Tehran.
Smokey Robinson - Cruisin (1979) Smokey Robinson - Cruisin (1979)
The 1980 Mount Saint Helens eruption obliterated the community at the base of this Cascade volcano. The 1980 Mount Saint Helens eruption obliterated the community at the base of this Cascade volcano.
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library