An increase in which of the following would be most likely to increase long-run economic growth?
a) taxes
b) interest rates
c) consumer spending
d) productivity
e) value of domestic currency
Ans: d) productivity
You might also like to view...
If GDP grew 3% in 1970, 2.2% in 1971 and 2.5% in 1972 then, what is the average annual growth rate over this period?
A) 5% B) 4% C) 2.6% D) -2.2%
A shortage occurs when price is higher than the market equilibrium
a. True b. False Indicate whether the statement is true or false
When output is greater than the economy's long-run capacity, which of the following is most likely to occur?
a. a reduction in the general level of prices b. an abnormally high rate of unemployment c. increases in real interest rates and real resource prices d. a reduction in imports
Those who support advertising claim that viewing a product as frivolous is ______.
a. productive b. accurate c. subjective d. objective