Economic growth is the result of what two factors?
Please provide the best answer for the statement.
Economic growth is the result of increases in supplies of resources and technological advances. Economic growth at full employment leads to an economy with greater output of both consumer and capital goods.
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One of the justifications of government stabilization policy is that it may
a. increase the fluctuations in inflation and employment. b. increase the multiplier effect of changes in autonomous spending. c. increase the volatility of economic variables. d. reduce the severity of inflation and unemployment.
If the cross-price elasticity of demand between lettuce and salad dressing is negative, then when the price of lettuce rises, the demand for salad dressing will ________.
A. increase B. become more inelastic C. decrease D. remain the same