Refer to the data. NDP is:
Answer the question on the basis of the following data. All figures are in billions of dollars.
A. $370.
B. $402.
C. $392.
D. $467.
C. $392.
Economics
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An increase in the amount of human capital ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve
A) shifts; shifts B) shifts; does not shift C) does not shift; shifts D) does not shift; does not shift
Economics
The household budget constraint may have a kink because
A) there is uncertainty. B) households prefer diversity. C) households may substitute consumption for leisure, or the reverse. D) leisure is limited by the number of available hours.
Economics