Other things equal, which of the following would decrease the rate of economic growth, as measured by changes in real GDP?
A. An increase in the educational attainment of the labor force.
B. A permanent decrease in frictional unemployment.
C. An increase in the amount of capital per worker.
D. A decrease in the labor force participation rate.
D. A decrease in the labor force participation rate.
You might also like to view...
If the reserve ratio is 4 percent, the money multiplier is equal to 25
Indicate whether the statement is true or false
In the late 1920s, the U.S. economy experienced a decrease in investment, which perhaps triggered the Great Depression. The decrease in investment
A) increased aggregate supply. B) decreased aggregate supply. C) increased aggregate demand. D) decreased aggregate demand. E) increased potential GDP.
With price on the vertical axis and quantity on the horizontal axis, economists would draw a fall in supply as
A) a leftward shift in the supply curve. B) a rightward shift in the supply curve. C) a vertical supply curve. D) any which way we like.
There are 15 Federal Reserve District Banks
Indicate whether the statement is true or false