According to the United States spends a larger portion of expenditures on higher education compared to any other country. Increasing the amount of higher education produces
i. rightward shifts in the U.S. long-run aggregate supply curve
ii. movements up along the U.S. aggregate demand curve
iii. increases in U.S. human capital.
A) i and iii only.
B) i, ii and iii.
C) iii only.
D) ii and iii only.

Question

Quizplus · Accepted Answer

Increasing higher education enhances human capital and can lead to a rightward shift in the long-run aggregate supply curve due to increased productivity.

According to the United States Spends a Larger Portion of Expenditures