First: Is it possible to have economic growth (EG) with no opportunity costs?
A)Yes, EG requires no sacrifices only the passage of time
B)No, because EG depletes the stock of knowledge so that more growth today means less growth tomorrow
C)No, because EG requires the sacrifice of consumption goods in order to invest in capital formation and research and development
D)No, but EG is always worth whatever sacrifice is required
I think it is C
Second:
If a nation鈥檚 labor force receives a significant influx of young workers:
A)The natural rate of unemployment is likely to decrease
B)Frictional unemployment will likely decrease to zero
C)The natural rate of unemployment is unlikely to change
D)The natural rate of unemployment is likely to increase
I am leaning towards D because I think structural and frictional unemployment would increase
I%26#039;ll be so glad when Macro is over...I have questions?student finance
I think you are right on both.
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