An increase in the rate of economic growth curve could be caused by all of the following except
A. a national tax that encourages all employers to provide more training and education for employees which leads to an across-the-board upgrade of the skill level of the nation's workforce.
B. a movement along the production possibilities curve so that the society produces more consumer goods and less capital goods.
C. an increase in immigration that increases the country's labor force by 20 percent.
D. an increase in research and development spending for space technology that improves the quality of the nation's capital stock.
B. a movement along the production possibilities curve so that the society produces more consumer goods and less capital goods.
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Suppose an economy's money supply is fixed at $4,000 and its nominal GDP is $800,000. Calculate the velocity of money
What will be an ideal response?
The most immediate and direct effect of minimum price laws designed to prevent predatory pricing is to
A) guarantee profits to all sellers, large or small. B) guarantee profits to large sellers exclusively. C) guarantee profits to small sellers exclusively. D) preserve competition without guaranteeing profits. E) prevent competition without guaranteeing profits.