The federal tax on cigarettes is

With regard to investments in human capital, China has been

a. devoting resources to investment in education that could have been used for consumer goods. b. upgrading its school systems. c. sending many Chinese students to universities in other countries. d. all of the above

Because of price stickiness in the Keynesian model, a decline in investment demand will not cause the

A. LM curve to shift down and to the right in the short run. B. LM curve to shift in the long run. C. IS curve to shift in the long run. D. IS curve to shift down and to the left in the short run.