Which of the following explains why production rises in most years?
A) increases in the labour force
B) increases in the capital stock
C) advances in technological knowledge
D) All of the above are correct.
Correct Answer:
Verified
Q4: Which of the following is most commonly
Q18: Investment is a particularly volatile component of
Q20: The misperceptions theory explains why the long-run
Q21: Suppose the price level falls but because
Q22: Stagflation occurs when the economy experiences
A) rising
Q24: The long-run effect of an increase in
Q25: Suppose the economy is initially in long-run
Q26: To say that nominal prices are sticky
Q27: The wealth effect, interest rate effect, and
Q28: Which of the following is not a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents