Multiple Choice
Suppose a country transfers resources from the production of consumption goods to the production of capital goods.The result of this shift will be to
A) raise future consumption.
B) raise current living standards.
C) decrease the long-run growth rate.
D) lower future living standards.
E) raise current consumption.
Correct Answer:

Verified
Correct Answer:
Verified
Q104: Why is real GDP not a good
Q105: Consider the long-run theory of investment,saving,and growth.In
Q106: The "new" theories of economic growth emphasize
Q107: The Neoclassical theory of economic growth led
Q108: If real income grows at approximately 4%
Q110: The table below shows various values of
Q111: Which of the following statements is true
Q112: An aggregate production function exhibits increasing returns
Q113: Consider the aggregate production function Y =
Q114: The table below shows aggregate values for