Greater availability of lower-cost drugs will tend to shift the ________ curve for medical services to the ________

Which of the following theories explains why increased education translates into higher wages?

a. human-capital theory b. the theory of compensating differentials c. the theory of supply and demand d. comparative advantage

Suppose that real GDP is initially $20 trillion and the government attempts to increase real GDP to $21 trillion. The marginal propensity to consume is 0.8, and every $1.00 increase in real government spending crowds out $0.50 in real planned investment expenditures. Which increase in government spending below could yield the desired level of real GDP?

A. $400 billion B. $200 billion C. $125 billion D. $100 billion