A temporary increase in government spending that leads to only a small decline in lifetime wealth likely shifts the output demand curve to the
A) right by more than the rightward shift in output supply.
B) right by less than the rightward shift in output supply.
C) left by more than the leftward shift in output supply.
D) left by less than the leftward shift in output supply.
A
Economics
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The labor input in the production function can increase
A) only if the number of workers increases. B) only if the efficiency of the existing workers improves. C) if the number of workers increases and/or the efficiency of the existing workers improves. D) only if both the number of workers increases and the efficiency of the existing workers improves.
Economics
When economists look at comparative advantage and test to see if the theory works in data, they find:
Economics