What do you think would be the Cobb-Douglas single best prescription for poor countries to catch up with the rich?
A) to increase their stock of capital
B) to increase their labor force
C) to find more efficient ways to allocate and use capital and labor
D) to ask help of the rich countries
E) none of the above
C
Economics
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If a shift in aggregate demand only affects real Gross Domestic Product (GDP), then the short-run aggregate supply (SRAS) curve must be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.
Economics
How has the distribution of income changed in the past few decades?
What will be an ideal response?
Economics