Which of the following will lead to economic growth by increasing aggregate supply?
A) An increase in the wage level in the economy.
B) A fall in aggregate demand.
C) An increase in the productivity of labour.
D) An increase in interest rates in the economy.
Correct Answer:
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Q10: Which of the following statements is true?
A)
Q11: If the UK increases its level of
Q12: Assuming that the supply of labour is
Q13: Assuming that the economy is producing at
Q14: The long-run aggregate supply curve will shift
Q16: Economic growth will _.
A) shift the long-run
Q17: If the number of workers in the
Q18: Thomas Malthus' prediction that population would outgrow
Q19: Which of the following shifts the long-run
Q20: According to the neoclassical model of economic
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