In the endogenous growth model, human capital accumulation is ...

[Davideckstein7]

In the endogenous growth model, human capital accumulation is best described as a form of
 
  A) consumption.
  B) investment.
  C) government spending.
  D) none of the above

Question 2

Refer to Figure 12.6. Under a fixed exchange rate system, the central bank cannot increase the output gap with expansionary policy and still maintain the fixed exchange rate if the economy is at
 
  A) point A.
  B) point B.
  C) point C.
  D) point X.

[jennafosdick]

Answer to Question 1

B

Answer to Question 2

B