As a result of the Great Depression, economic thought placed greater emphasis on:
A) long-run growth.
B) short-run fluctuations.
C) international transactions.
D) the problem of inflation.
Correct Answer:
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Q2: Diminishing marginal productivity implies that a proportional
Q3: A concern about long-run economic growth was
Q4: According to Say's Law, people:
A)supply goods in
Q5: The U.S. economy experienced the Great Depression
Q6: Small differences in economic growth rates can
Q7: New growth theory emphasizes the contribution of
Q8: The study of economic growth focuses on
Q9: Macroeconomics emerged as a separate subject largely
Q10: According to new growth theory, the primary
Q11: The Classical growth model argues that markets
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