Human capital refers to the physical tools and equipment that workers use on their jobs to enhance their productivity

Which of the following can increase both productivity and income?

a. A decrease in the savings rate. b. An increase in the savings rate. c. An increase in population. d. An increase in human capital.

Congress passed legislation to create the federal reserve system in 1913 in order to

A. Take the monetary control over the economy away from the Treasury Department B. End the instability created by a huge crude oil price hike during that time C. End the instability created by bank panics by acting as a lender of last resort