Author Question: Economic growth due to labor force expansion or capital investments will result in I. A leftward ... (Read 130 times)

bobthebuilder · **on:** Jun 30, 2018

Economic growth due to labor force expansion or capital investments will result in

I. A leftward shift of short-run aggregate supply.
II. A rightward shift in long-run aggregate supply.
A) I only B) II only C) Both I and II D) Neither I nor II

Question 2

Refer to the figure above. If the capital stock is fixed at 300, what is the consumption in the economy?

A) 3,000 B) 4,000 C) 2,000 D) 5,000