5. If, in a recession, employment and the real interest rate both decline, the marginal product of...

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5. If, in a recession, employment and the real interest rate both decline, the marginal product of capital and the cost of capital .

a. increases, increases

b. increases, decreases

c. decreases, increases

d. decreases, decreases

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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