Long-term growth in production in the U.S. economy can be partially explained by _____
A) improvements in the rules of the game that facilitate production and exchange.
B) the peaks and troughs of the business cycle or economic fluctuations.
C) trade surpluses that lead to accumulation of precious metals.
D) increases in government budget deficits.
E) a gradual but consistent increase in the price level.

Question

Quizplus · Accepted Answer

Improvements in the rules of the game that facilitate production and exchange, such as technological advancements, better infrastructure, streamlined regulatory processes, and improved property rights, can lead to long-term growth in production in the U.S. economy.

Long-Term Growth in Production in the U