Which of the following factors pushes the per-worker production function of an economy downward?
a. A stable political environment
b. A high risk of terror attack
c. An increase in educated workforce in the country
d. An increase in road networks in the country
e. A law encouraging foreign investment
b
Economics
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In the short run in the Keynesian model, a sharp decline in oil prices would leave the economy with a ________ level of output and a ________ real interest rate
A) higher; lower B) lower; higher C) lower; lower D) higher; higher
Economics
When resources are at full capacity, output is less responsive to changes in ____ and the price level is ____
a. prices; stable b. prices; less responsive c. aggregate demand; highly responsive d. aggregate demand; less responsive
Economics