A College Degree Makes a Person More Productive According to

question 370

Multiple Choice

A college degree makes a person more productive according to

• A)both the human-capital and the signaling theories of education.
• B)the human-capital but not the signaling theory of education.
• C)the signaling but not the human-capital theory of education.
• D)neither the human-capital nor the signaling theory of education.

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and stability of the financial system.

Open-market Purchase

The buying of securities by a central bank from the market to inject liquidity and encourage economic growth.

Aggregate Demand

The complete need for goods and services across an economy at an established price level within a specific period.

Government Spending

The total amount of money spent by the government on various services, infrastructure projects, and welfare programs.