Which of the following would be the most helpful in raising Australia’s standard of living in the long run? Discuss.
a. A policy of making firing workers more difficult, other things held constant.
b. A government policy of giving more assistance to first home buyers and hence raising the overall level of consumption.
c. A government policy of increasing funding on universities and TAFE (technical and further educations) colleges.
d. A policy of increasing money supply along with fiscal expansion, other things held constant.