Which of the following could cause economic growth?
a. Growth in productivity
b. Growth in the employment-population ratio
c. Growth in the average number of hours worked
d. Growth in the population
e. All of these
E
Economics
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Use a graph to show the effects of a contractionary monetary policy to reduce inflation and move an economy back to potential real GDP. Explain what happens to aggregate demand, real GDP, and the price level
What will be an ideal response?
Economics
A "social planner" is a fictional societal planner who would always choose the same outcome as the competitive market.
Answer the following statement true (T) or false (F)
Economics