According to the Swiss Institute for Management Development, the top country in terms of productive efficiency is

An increase in government spending causes the equilibrium level of aggregate output to ________ at any given interest rate and shifts the ________ curve to the ________, everything else held constant

A) rise; LM; right B) rise; IS; right C) fall; IS; left D) fall; LM; left

Suppose that each worker must use only one shovel to dig a trench, and shovels are useless by themselves. In the long run, the firm's cost function is

A) TC = (w/r) ? q. B) TC = (w + r)/q. C) TC = (w + r). D) TC = (w + r) ? q.