One way to invest in human capital is by
a. increasing your education.
b. avoiding on-the-job training programs.
c. doing nothing; it is impossible to improve your human capital. Human capital is solely determined by the abilities that you are born with.
d. investing in physical capital.
A
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In the above figure, if the relevant aggregate demand curve is AD2, what are the short-run equilibrium price level and real GDP?
A) 120 and $11.5 trillion B) 120 and $12 trillion C) 130 and $11.5 trillion D) 130 and $12 trillion
Government ownership of industries is quite uncommon
a. True b. False
In economics, the term capital refers to
a. money. b. stocks and bonds. c. equipment and structures used in production. d. All of the above are correct.
Which of the following was not a lesson from the 2007–2009 financial crisis?
A. Financial regulations were too “light” prior to the crisis. B. Excessive complexity made the financial system more fragile and dangerous. C. Both monetary policy and fiscal policy are needed in order for the economy to recover. D. Regulatory failures were based primarily on poor job performance.