If a natural disaster destroys some of the capital stock, then the cla
If a natural disaster destroys some of the capital stock, then the classical model predicts
a. labor demand, real wages, and output will fall.
b. labor demand and real wages will rise, output will fall.
c. the labor market remains unchanged but output falls.
d. None of the above
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.