Economists differ in their views of the role of the government in promoting economic growth. A controversial idea is that government should

a. lend support to the invisible hand by maintaining property rights and political stability.
b. lower barriers and impediments to free trade.
c. encourage capital formation.
d. target and subsidize specific industries important for technological progress.

d

Economics

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A permanent increase in autonomous investment causes

A) a less than proportional increase in real Gross Domestic Product (GDP). B) a more than proportional increase in real Gross Domestic Product (GDP). C) an offsetting change in saving that leaves real Gross Domestic Product (GDP) at the same level. D) a proportional increase in real Gross Domestic Product (GDP).

Economics

If the demand for bathing suits and supply of bathing suits both decrease, then definitely the equilibrium

A) price will decrease. B) price will increase. C) quantity will increase. D) quantity will decrease.

Economics