Economic growth is important because expansion in the output of goods and services
a. necessarily creates more jobs (more work for people).
b. makes it possible for individuals to consume more and achieve higher living standards.
c. leads to an increase in the general level of prices.
d. generates additional tax revenues for the government.
B
Economics
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A) technology B) income C) number of suppliers D) expected future prices
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A reduction in housing starts, typically due to __________ interest rates, is often thought to precede __________
A) rising; an expansion B) rising; a recession C) falling; an expansion D) falling; a recession
Economics