chapter_9_long

B current and future total factor productivity z

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Unformatted text preview: ecreases. C) future total factor productivity z increases. D) current total factor productivity z decreases. E) current total factor productivity z increases. 25) 4 26) Next period s capital is equal to current - period investment A) plus the amount of current period depreciation. B) plus the amount of current capital left over. C) minus the amount of current capital left over after depreciation. D) minus the amount of current period depreciation. E) plus the amount of current capital left over after depreciation. 26) 27) A good example of a sectoral shift would be A) an increase in the total factor productivity on one sector. B) a natural disaster. C) a simultaneous increase in demand for one product and a decrease in demand for another product. D) a decrease in average total factor productivity in most sectors of the economy. E) a large number of workers leaving the labor force to go back to school. 27) 28) The condition, MRSl C = w , describes the representative consumer s 28) A) current period work leisure decision. B) future period work leisure decision. C) investment decision...
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