The return on human capital
A) tends to be much greater than the return on physical capital.
B) tends to be much lower than the return on physical capital.
C) is similar to the return on physical capital.
D) cannot be related to the return on physical capital since human capital and physical capital are so different.
C
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What is the equation of exchange? Suppose that real GDP and velocity are constant. In this case, what effect will an increase in the quantity of money have?
What will be an ideal response?
Which curve intersects the AVC curve at its minimum point?
A) the MC curve B) the ATC curve C) the AFC curve D) the MP curve
In 2008, the Fed utilized expansionary monetary policy which was made
a. more effective as banks held more excess reserves. b. less effective as banks held more excess reserves. c. more effective as banks held less excess reserves. d. less effective as banks held less excess reserves.
If the Federal Reserve wanted to stimulate the economy, it would most likely:
A. reduce the discount rate. B. decrease reserves in the banking system. C. increase reserves in the banking system. D. Both A and C are true.