The dawning of the computer age in the latter part of the 20th century created a new and massive growth spurt in the United States that illustrates what some economists describe as the

a. real growth theory
b. accelerator phenomenon
c. start of an innovation cycle
d. interaction of the multiplier and accelerator
e. Adam Smith economic growth theory

C

Economics

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When a country imports a good, the ________ to consumers is ________ the ________ to producers

A) loss; smaller than; gain B) loss; larger than; gain C) gain; smaller than; loss D) gain; equal to; loss E) gain; larger than; loss

Economics

"Natural unemployment" includes those out of work because of

A) expected or normal turnover which will always characterize a part of the labor force. B) structural unemployment caused by normal technological change in production. C) a recession. D) A and B.

Economics