Which of the following factors can partly explain the long-term growth in production in the U.S. economy?
A) trade surpluses and accumulation of precious metals
B) a gradual but consistent increase in the price level
C) growth in population
D) improvements in technology
E) federal government budget deficits

Question

Quizplus · Accepted Answer

Improvements in technology have led to increases in productivity, which has allowed for long-term growth in production in the U.S. economy.

Which of the Following Factors Can Partly Explain the Long-Term