Governments can do which of the following to increase productivity?
A. use tax revenues to invest in physical capital.
B. will defund underlying infrastructure.
C. creating new taxes for investing in physical capital.
D. reduce spending on higher education.
A. use tax revenues to invest in physical capital.
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Demonstrate how a permanent fiscal expansion will not increase output in the long run
What will be an ideal response?
The upward-sloping short run aggregate supply curve shows the ___________ relationship between the price level and the level of real GDP in the short run.
a. positive b. negative c. neutral d. bi-modal
Does the recent increase in trend rate productivity experienced in the U.S. mean that the business cycle is dead?
Please provide the best answer for the statement.
Suppose the figure below shows Luke's demand curve for check-ups along with the supply curve for check-ups. If Luke had first-dollar medical insurance, then he would choose to have ________ check-ups a year.
A. 4 B. 5 C. 3 D. 2