Changes in GDP in the long run are determined primarily by
A) monetary policy.
B) fiscal policy.
C) demand.
D) all of the above
E) none of the above
Correct Answer:
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Q52: Which of the following factors is not
Q53: Explain why economists care about inflation.
Q54: Changes in GDP in the short run
Q55: The Okun's law shows the relationship between
A)inflation
Q56: The Phillips curve describes the relationship between
A)output
Q57: Changes in GDP in the medium run
Q58: Based on the notation presented in Chapter
Q59: Explain the Phillips curve.
Q61: Explain what factors cause changes in output
Q62: Can an economy maintain high output growth,low
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