Which of the following can reduce the level of long-run economic growth?
A. A decrease in deficit spending by the government.
B. An increase in government safety regulations.
C. An increase in the savings rate.
D. Government enforced property rights.
B. An increase in government safety regulations.
You might also like to view...
According to the Keynesian fixed wage theory, real wages should be
a. positively correlated with income. b. not correlated with income. c. fixed. d. negatively correlated with income.
Which of the following is correct?
a. NCO = NX b. NCO + I = NX c. NX + NCO = Y d. Y = NCO - I
Unemployment implies that in the labor market
A. there is an excess demand for labor. B. there is an excess supply of labor. C. there are too few workers for the jobs available. D. quantity demanded of labor exceeds quantity supplied.
If the labor force is 400 and employment is 380, then the unemployment rate is
A. 90%. B. 38%. C. 5%. D. 20%.