Answered You can hire a professional tutor to get the answer.
QUESTION
Graph the demand curve for capital and find the equilibrium real rental rate of capital if capital supply is ten trillion. Suppose a positive supply...
- Graph the demand curve for capital and find the equilibrium real rental rate of capital if capital supply is ten trillion. Suppose a positive supply shock hits the economy, and is now MPK = 70/K^0.7 . Draw the new demand curve and calculate the new equilibrium real rental rate of capita
