Economists use the term long-term growth to indicate:
A) the expansion phase of the business cycle.
B) growth of the economy over several decades.
C) growth of the economy over one to five years.
D) long-run growth of the value of a company.
Correct Answer:
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Q89: Which one of the following measures long-run
Q90: During inflation the _ price level _.
A)
Q91: Inflation:
A) is a movement of the economy
Q92: An increase in the nation's _ is
Q93: Which statement is TRUE?
A) Inflation means an
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A) both output and
Q96: If wages grew at 5% last year
Q97: Which statement is TRUE?
A) In the past
Q98: Which statement about the U.S. economy is
Q99: If workers' nominal wages have risen by
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