Government policies that help increase the skills of the workforce or that subsidize employment more directly would
a. decrease employment and increase output
b. increase employment and decrease output
c. increase employment and increase output
d. increase unemployment and decrease output
e. increase unemployment and increase output
C
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Nations specialize in production and engage in international trade in order to
A. protect domestic consumers and producers. B. improve transportation. C. increase employment. D. increase consumption and income.
The annual income that can be consumed without diminishing the total capital assets of a nation is
(a) purchasing power parity income. (b) sustainable national income. (c) environmental capital stock. (d) per capita income.
The Phillips curve relationship can also be seen indirectly from the AD/AS model
a. True b. False Indicate whether the statement is true or false
In the loanable funds market model, the demand curve represents:
a) borrowers. b) taxes. c) savers. d) the budget balance.