Which of the following is not an example of human capital formation?
A) Increases in the educational achievements of the population
B) Increases in job skills of the labor force
C) Improvements in the nutrition and health of the labor force
D) Increases in the birth rate of the population
D
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On-the-job-training is an example of
A) increasing labor force participation. B) investment in human capital. C) investment in physical capital. D) technological change.
According to aggregate demand and supply analysis, the negative supply shocks of 1973-1975 and 1978-1980 had the effect of
A) increasing aggregate output, lowering unemployment, and raising the inflation. B) decreasing aggregate output, raising unemployment, and raising the inflation. C) increasing aggregate output, raising unemployment, and raising the inflation. D) decreasing aggregate output, raising unemployment, and lowering the inflation.