Question
A deepening of capital must, in the absence of technological change, eventually: a.increase the capital-output ratio. b.decrease the capital-output ratio. c.increase output by an amount
A deepening of capital must, in the absence of technological change, eventually:
a.increase the capital-output ratio.
b.decrease the capital-output ratio.
c.increase output by an amount that is more than proportionate to the increase in capital.
d.increase output in proportion to the increase in capital.
e. increase the share of capital-owners in the total of output
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
