20. Suppose that a war is fought with biological weapons. The weapons destroy people but not capital.

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20. Suppose that a war is fought with biological weapons. The weapons destroy people but not capital. What is likely to happen to equilibrium wages and rental rates after the war when compared to their values before the war?

a. Wages rise and rental rates rise.

b. Wages fall and rental rates fall. C. Wages rise and rental rates fall.

d. Wages fall and rental rates rise.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

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Question Posted: Nov 15, 2024 05:00 AM

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20. Suppose that a war is fought with biological weapons. The weapons destroy people but not capital.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

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