One basic way to boost the nation's growth rate is to
a. increase wages paid to labor.
b. slow the rate of technical progress.
c. reduce the population growth rate.
d. accumulate more capital
d
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Suppose you eat two hamburgers for lunch. The marginal benefit of the first burger is ________ of the second burger
A) larger than the marginal benefit B) not related to the marginal benefit C) smaller than the marginal benefit D) equal to the marginal cost and the marginal benefit E) equal to the marginal benefit
A prominent aspect of the Great Depression of the 1930s, but not of the recent Great Recession, is ________
A) bank panics B) mortgage defaults C) an increase in the credit spread D) nonconventional monetary policy
Which of the following is not an example of monetary policy?
What will be an ideal response?
Mauritius, an island off the coast of Africa, competes with other countries producing goods with low-skilled labor. In 2006, it was reported that its "...factories have been exposed to ... competition from China, India, and other Asian mass producers." As a result, "the main export industry has seen a 30% reduction in volume..." The decrease in exports will cause __________ and the price level will __________.
a) a downward shift in the AE curve; decrease as the AD curve shifts leftward in the short run b) an upward shift in the AE curve; increase as the AD curve shifts rightward in the long run c) a leftward shift in the AD curve; fall in the short run and rise in the long run d) a leftward shift in the AD curve; rise in the long run as goods become more scarce.