Research suggests that the relatively higher rate of growth of output per capita between in China between 1996 and 2011 was the result of which of the following?
A) an increase in the rate of technological progress
B) an increase in K/NA
C) an increase in the rate of growth of N
D) an increase in the saving rate
E) both A and D
E
Economics
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Most economists use the aggregate demand and aggregate supply model primarily to analyze
a. short-run fluctuations in the economy. b. the effects of macroeconomic policy on the prices of individual goods. c. the long-run effects of international trade policies. d. productivity and economic growth.
Economics
What contributed to stagflation’s demise between 1982 and 1989? How did these events affect aggregate supply and the Phillips Curve?
What will be an ideal response?
Economics