Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?
a. Capital shallowing
b. Expropriation
c. Liberalization
d. Investment diversion
e. Import substitution
d
Economics
You might also like to view...
Which of the following is most likely to restore an economy to full employment, if it is operating below full employment due to a decrease in net exports?
A) Devaluation of the domestic currency B) A decrease in the demand for goods and services in the economy C) A decrease in investment in the economy D) An increase in the interest rate
Economics
When the natural unemployment rate changes, what happens to the short-run Phillips curve? To the long-run Phillips curve?
What will be an ideal response?
Economics