A government policy that would raise the rate of productivity growth is
A. reducing the government budget surplus.
B. taxing expenditures on research and development.
C. improving human capital development.
D. shifting infrastructure expenditures to the private sector.
Answer: C
Economics
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Decreases in consumption, investment, or net exports caused by an increase in government purchases are known as
A) strategic substitution. B) crowding out. C) diminishing returns. D) demand-side effects.
Economics
The CA is equal to
A) Y - (C - I + G). B) Y + (C + I + G). C) Y - (C + I + G). D) Y - (C + I - G). E) Y + (C - I - G).
Economics