Long-term growth in production can be explained by:
a. an improvement in the quality of resources available.
b. a gradual but consistent rise in the price level
c. a rapid and accelerating increase in the price level.
d. a trade surplus that leads to the accumulation of gold.
e. the peaks and troughs of economic fluctuations.
a
Economics
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During which period in history were the largest number of nations using the gold standard as their payments system?
A) from 1870 to 1913 B) from the end of WWI to 1929 C) from 1929 to 1939 D) from 1945 to 1975
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When planned autonomous spending rises, the planned expenditure line
A) makes a parallel shift downward. B) makes a parallel shift upward. C) pivots upward from the vertical intercept. D) pivots downward from the vertical intercept.
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