Short-run economic growth comes from:
A) Expanding the production possibilities curve.
B) A rightward shift of aggregate supply.
C) Increased or more efficient use of existing resources.
D) A population decrease which increases output per person.
Correct Answer:
Verified
Q5: Long-run economic growth is consistent with:
A) Expanding
Q6: The production possibilities curve represents the:
A) Actual
Q7: If an economy moves from a point
Q8: To produce a combination of goods and
Q9: Long-run macroeconomic policy focuses on shifting the:
A)
Q11: Which of the following is definitely true
Q12: A major goal of short-run macroeconomic policy
Q13: When an economy experiences long-run growth there
Q14: Fiscal and monetary policies are used to
Q15: A sustained increase in total output is
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