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A Natural Disaster,such as the 2011 Japanese Earthquake and Tsunami,shifts

question 14

Multiple Choice

A natural disaster,such as the 2011 Japanese earthquake and tsunami,shifts the ___________ curve _____________________.According to economists who believe that the economy is self-regulating,the result will be that the economy _____________be able to find its way back to Natural Real GDP without government intervention.


Definitions:

Investment in Human Capital

Refers to the process of improving the workforce's skills, knowledge, and abilities through education, training, and health interventions to enhance productivity and economic growth.

Worker Productivity

The measurement of the efficiency of a worker or group of workers in converting inputs into useful outputs.

Annual Earnings

The total amount of income earned over the course of a year from employment and other sources.

Geographic Imobility

The hindrance or inability of labor forces to move from one region to another in pursuit of job opportunities.

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