Improvements in literacy stimulate economic growth by:
a. reducing the barriers to the flow of information
b. improving the flow of resources to more productive uses.
c. imparting skills, which raises labor productivity.
d. doing all of the above.
d
Economics
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Economics
Which of the following is the best synonym for "marginal" in economics?
A. basic B. scarce C. additional D. minor
Economics