The crowding-out effect of higher interest rates can be avoided by
a. expansionary monetary policy.
b. expansionary fiscal policy.
c. contractionary monetary policy.
d. decreasing taxes.
a
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If a passive approach is followed in closing an expansionary gap, _____
a. restrictive fiscal policy would be used b. restrictive monetary policy would be used c. the short-run aggregate supply curve would shift to the right d. the price level would decrease in the long run e. an economy would experience inflationary pressure
An example of a nonrenewable resource is
a. labor b. capital c. entrepreneurship d. iron ore e. automobiles
The existence of differences between the average earnings of men and women
A. proves the existence of economic discrimination. B. may be partially due to factors other than economic discrimination. C. proves that men on average invest more in their human capital than women do. D. indicates that men are on average smarter than women.
Increasing the level of education in the United States will:
A) shift the production possibilities curve to the left. B) improve the level of technology. C) lead to increased natural resource use. D) lead to workers possessing greater human capital.