Justification of a government program based on the jobs that it will create rather than the merits of the program itself is known as the:
a. law of unintended consequences.
b. invisible hand

Describe how the labor force, the nation's capital stock, and the rate of technical progress contribute to potential GDP growth and labor productivity

In the open-economy macroeconomic model, the market for loanable funds equates national saving with

a. domestic investment. b. net capital outflow. c. national consumption minus domestic investment. d. None of the above is correct.