Long-run macroeconomic growth
A) Shifts the production possibilities curve outward.
B) Shifts the aggregate demand curve to the right.
C) Shifts the aggregate supply curve to the left.
D) Moves the economy closer to the production possibilities curve.
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Q3: If a country currently produces a mix
Q4: Economic growth
A)Is measured using real GDP.
B)Shifts the
Q5: If nominal GDP rises from $550 billion
Q6: A short-run increase in capacity utilization
A)Shifts the
Q7: Economic growth implies a
A)Rightward shift of the
Q9: Which of the following is a major
Q10: In the short run,movement toward a fixed
Q11: Better short-run use of current capacity
A)Moves the
Q12: An economy experiences economic growth whenever
A)Nominal GDP
Q13: If a country moves from a point
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