Policies That _____ Will Expand the Economy but Also Generate

question 269

Multiple Choice

Policies that _____ will expand the economy but also generate pressure on prices.

• A) increase transfer payments
• B) encourage the development and transfer of new technologies
• C) encourage investment in research and development
• D) trim burdensome business regulations

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Definitions:

Statistical Discrimination

Discrimination that arises because an irrelevant but observable personal characteristic is correlated with a relevant but unobservable attribute.

Hiring Manager

An individual within an organization responsible for interviewing, evaluating, and selecting candidates for a specific job opening.

Industry

A segment of the economy composed of businesses and organizations that share a common focus, producing similar goods or services.

Equilibrium Wage

The compensation rate at which the demand for workers by companies matches the supply of workers.