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9) A firm's human capital would increase with Group of answer choices a) a decrease in the number of employees. b) new and improved equipment
9) A firm's human capital would increase with Group of answer choices a) a decrease in the number of employees. b) new and improved equipment and machinery. c) a larger facility. d) on-the-job training. e) a new method of production. Question 10) The economy is in long-run equilibrium when Group of answer choices a) aggregate demand (AD) intersects short-run aggregate supply (SRAS). b) SRAS intersects long-run aggregate supply (LRAS). c) the unemployment rate is lower than natural rate of unemployment. d) AD intersects both LRAS and SRAS. e) the inflation rate is equal to zero. Question 11)Give one advantage of implementing a contractionary fiscal policy. Group of answer choices a) Price level will rise. b) Real GDP will be greater than full-employment output. c) Budget deficits will decrease. d) Unemployment rate will be lower than natural rate of unemployment. e) Full-employment output increases
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