Question 1112

Please give me just the answer of each question, thank you so much!

Use the neoclassical theory of distribution to predict the impact on the real wage and the real rental price of capital of each of the following events: a. An earthquake destroys some of the capital stock. (2.5 marks) b. A technological advance improves the production function. (2.5 marks) A - B I U X2 x2 E E E ABC 123 D C 9 evigilation.monash.edulEZE#F/3804. Report question issue O200 00:00200200 00 00 00 The costs of expected inflation cause productive resources of an economy to be expended(used) on adjusting to changing prices. Explain how each of the following costs of expected inflation distort the allocation of productive resources: a. Shoe-leather costs (2.5 marks) o. menu costs. (2.5 marks) A B I U X2 X2 ABC 123 D C Report question issue 11 Notes evigilation.monash.eduIF THISBR#. O gi