e. Suppose that the overall amount of capital in the economy is fixed and that capital is
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e. Suppose that the overall amount of capital in the economy is fixed and that capital is mobile across sectors. Thus, any given unit of capital can be invested in housing or alternatively in some other non-housing sector where it earns some rate of return. If the overall amount of capital in the economy is fixed, what happens to the fraction of capital invested in the housing sector?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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