An Increase in Investment Combined with a Decrease in Education

question 166

True/False

An increase in investment combined with a decrease in education would have an indeterminate effect on both short run and long run aggregate supply.

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Definitions:

Poor

This term refers to individuals or groups who lack sufficient financial resources to meet a basic standard of living.

Employment Discrimination

Unfair treatment or prejudice against employees or job applicants based on race, color, religion, sex, national origin, age, disability, or genetic information instead of job performance or qualifications.

Relatively Lower Wages

Wages that are lower when compared to a certain benchmark, such as the national average, industry standard, or a competing firm.

Minorities

Groups in a population that are smaller in number than the main group and may have different national, religious, linguistic, or cultural origins.