In practice, oligopolistic markets are:

Refer to the information above. If an economy has a real GDP doubling-time of 48 years, this can be reduced to 30 years if annual GDP growth is raised by ________ percentage points

A) 4 B) 2.4 C) 1.6 D) 0.9

Any permanent change in the quantity of any factor of production available capital, technology, land, or labor can cause a shift in both the long-run and short-run aggregate supply curves

a. True b. False Indicate whether the statement is true or false