What will most likely happen to the standard of living in a country that achieves sustained economic growth through increased productivity?
a. It will initially decrease and then increase.
b. It will decrease.
c. It will remain unchanged.
d. It will increase.
d. It will increase.
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Refer to the scenario above. If Frank discounts delayed utilities with a weight of 1/4, then which of the following statements is true?
A) He will consume both hotdogs and ice cream. B) He will avoid consuming both hotdogs and ice cream. C) He will consume ice cream but will avoid consuming hotdogs. D) He will consume hotdogs but will avoid consuming ice cream.
Those who favor government policies to stimulate the economy by creating incentives for individuals and businesses to increase their productive efforts are supporting:
a. supply-side economics. b. Keynesian economics. c. monetarist economics. d. Marxian economics.