Which of the following can partially explain long-term growth in production?
A) increases in government spending
B) increases in availability of resources
C) reductions in federal taxes
D) a gradual but consistent increase in the price level

Question

Which of the following can partially explain long-term growth in production?  
A) increases in government spending 
B) increases in availability of resources 
C) reductions in federal taxes 
D) a gradual but consistent increase in the price level

Quizplus · Accepted Answer

Increases in availability of resources, such as technological advancements or discoveries of new natural resources, can contribute to long-term growth in production.

Note: The other options may have short-term effects on production or the economy, but may not be sustainable or significant enough to explain long-term growth.

Which of the Following Can Partially Explain Long-Term Growth in Production