According to Edward Denison's estimates, the largest proportion of economic growth during the 1929-82 period was
a. growth in the labor input.
b. growth in output per unit of input.
c. growth in the capital input.
d. economies of scale.
e. education.
B
Economics
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Suppose the economy experiences a recessionary gap. Policymakers who believe that government is too big would favor which of the following policies to close the gap?
A) decreases in transfer payment B) decreases in income tax rates C) increases in government purchases D) increases in interest rates
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The length of the short run is the same for all firms
Indicate whether the statement is true or false
Economics