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1. An increase in the supply of capital will: a) increase the real rental price of...

1. An increase in the supply of capital will:

a) increase the real rental price of capital

b) decrease the real rental price of capital

c) increase the productivity of capital

d) increase the marginal product of capital

2. All of the following actions increase government purchases of goods and services except the:

a) federal government's sending a Social Security check to Betty Jones.

b) federal government's sending a paycheck to the president of the United States.

c) federal government's buying a Patriot missile.

d) city of Boston's buying a library book.

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Answer #1

1. Option B. decrease the real rental price of capital.

Explanation: When supply of capital increases, the rental cost of capital falls.

2. Option A

Explanation: Social security payment is a transfer payment and it is not included in government expenditure.

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