According to HYPERLINK "http://www.oecd.org/" www.oecd.org, 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) ii and iii only
B) i, ii and iii
C) iii only
D) i and iii only

Question

Quizplus · Accepted Answer

Increasing higher education enhances human capital (iii) and can lead to a rightward shift in the long-run aggregate supply curve (i) due to a more skilled workforce.

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