A government can increase long-run economic growth by
a. discouraging saving.
b. encouraging education and training of labor.
c. increasing the taxation of capital.
d. imposing restrictions on international trade.
e. all of the above
b. encouraging education and training of labor.
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Reasons that the recession of 2008-2009 did not become a depression include:
i. The Fed bailed out troubled financial institutions. ii. The government aggressively balanced its budget. iii. The government increased its expenditures, which increased aggregate demand. A) i only B) ii only C) iii only D) i and iii E) i and ii
To achieve the efficient amount of use of a common resource, the use should be such that ________ equals ________
A) marginal social cost; marginal private cost B) marginal social cost; marginal social benefit C) marginal social benefit; marginal private cost D) marginal private cost; marginal private benefit