In the specific-factors model an increase in the price of, Ask an Expert

Economics

In the specific-factors model, an increase in the price of manufactured goods will cause: A. a decrease in the nominal wage in the manufacturing sector. B. an increase in the real rental of capital. C. a decrease in the real rental of capital. D. no change in the real rental of capital.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92009127

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