Going to college to get more knowledge and skills is considered to be an increase in
A. net exports.
B. human capital.
C. physical capital.
D. consumption.
Answer: B
Economics
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What is meant by optimization? How does optimization by levels differ from optimization by differences?
What will be an ideal response?
Economics
The exact change in equilibrium output due to a shift in the short-run aggregate demand curve depends on _____
Fill in the blank(s) with the appropriate word(s).
Economics
On the aggregate expenditure graph, if autonomous investment decreases by $10 billion,
What will be an ideal response?
Economics
In the short run in the Keynesian model, a sharp increase in oil prices would leave the economy with a ________ level of output and a ________ real interest rate.
A. higher; lower B. lower; higher C. lower; lower D. higher; higher
Economics