All of the following would increase the growth rate of the economy EXCEPT
A) raising the saving rate.
B) stimulating research and development.
C) discouraging international trade.
D) None of the above answers is correct because they all would increase the growth rate.
C
Economics
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The typical average cost curve
a. continually declines as output increases. b. is horizontal. c. continually increases as output increases. d. first declines to a minimum and then increases as output increases.
Economics
If the full-employment GDP for the economy is at L, then we can say with certainty that the:
A. actual budget will have a deficit.
B. cyclically adjusted budget will have a deficit.
C. actual budget will have a surplus.
D. cyclically adjusted budget will have a surplus.
Economics