Which of the following is a true statement?
A) Economists who support economic growth say that it is the most practical route to the higher standards of living the vast majority of people desire.
B) Most economists believe that the recent productivity acceleration implies an end to the business cycle.
C) Most economists believe that increases in real GDP actually produce decreases in overall economic well-being because of spillover costs.
D) Mainstream economists disagree as to whether the rate or productivity growth was higher between 1995 and 2009 than between 1973 and 1995.
Correct Answer:
Verified
Q26: The European Union promotes:
A) free trade among
Q27: All of the following are sources of
Q28: Economists believe that the above-normal economic growth
Q29: Which of the following do economists consider
Q30: Which of the following is the most
Q32: The study of why an economy's production
Q33: Supply factors that shift the economy's production
Q34: If the rate of growth in labor
Q35: Both intermediate and final goods are counted
Q36: Government purchases exclude spending by the government
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