Government involvement has become so prevalent in the U.S. economy that the U.S. economy is now generally considered to be a socialist economy

Which of the following factors causes economic growth?

a. a decline in capital goods production b. a loss of resources c. the production of more scarce goods d. a technological improvement e. the production of more consumer goods

The economy experiences an increase in the price level and an increase in real domestic output. Which is a likely explanation?

A. Interest rates have increased. B. Net exports have increased. C. Wage rates have fallen. D. Business taxes have increased.