The demand for capital by a firm is based on the demand for the product that the capital produces. This relationship is referred to as

The Great Depression is thought to have been prolonged and made deeper by

A) contraction of the money supply. B) the stock market crash. C) speculative behavior of investors. D) rapid inflation.

An increase in the stock of human capital would

a. shift the production function upward, lowering productivity and raising living standards b. shift the production function upward, raising productivity and living standards c. cause the economy to move along a fixed production function, increasing both productivity and living standards d. cause the economy to move along a fixed production function, reducing both productivity and living standards e. shift the production function downward, reducing both productivity and living standards