"C"
Technological change in the economy will lead to a sustained long run growth in the economy. The answer is "C".
Which of the following is most likely to lead to sustained long-run growth? O A. transfer...
Which of the following is most likely to lead to sustained long-run growth? O A. exploitation of natural resources OB. technological change O c. transfer of workers from agricultural to industrial sectors OD. increases in the labor participation rate
Which of the following is most likely to lead to sustained long-run growth? O A. increases in labor productivity O B. exploitation of natural resources O c. transfer of workers from agricultural to industrial sectors OD. increases in the labor participation rate
Sustained growth is best achieved through which of the following? O Technological progress OB Increases in the quality and amount of education OC. Population increases OD. Physical capital accumulation An aggregate production function shows OA the relationship between a country's output and its price level OB various combinations of labor and capital that can be used to produce a particular good OC. the relationship between a country's GOP and its factors of production OD various quantities of two goods that...
35. Which of the following will most likely cause a decrease in short-run aggregate supply (leftward shift) in the goods and services market? a. An increase in the productivity of labor b. A reduction in the price of crude oil, a major imported commodity c. An increase in resource prices d. Favorable weather conditions in agricultural areas. 36. The vertical long-run aggregate supply curve reflects the fact that in the long run, an increase in the price level. a. Will not alter the economy's maximum...
Identify the correct statement. a. Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base. b. An increase in labor input necessarily increases output per capita. c. Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita. d. Improvements in and greater stocks of land, labor, capital, and entrepreneurial activity shift the production possibilities curve inward. Oe. According to the...
9. Which of the following is likely to affect the rate of economic growth? Group of answer choices A. the quality of available resources B. the quantity of available resources C. technological change D. all of the above
10. Which of the following would by itself. reveal the most about a. Its level of capital. b. The number of hours worked. c. Its availability of natural resources. d. Its productivity. the most about a country's standard of living? 11. Which of the following is correct? Although levels of real GDP per person vary substantially from country to country the growth rate of real GDP per person is similar across countries. b. Productivity is not closely linked to government...
Suppose the Fed doubles the growth rate of the quantity of money in the economy. In the long run, the increase in money growth will change which of the following? Check all that apply. The size of the labor force The inflation rate The price level The level of technological knowledge Suppose the economy produces real GDP of $30 billion when unemployment is at its natural rate. Use the purple points (diamond symbol) to plot the economy's long-run aggregate supply (LRAS) curve on the graph. Suppose the...
Which of the following will most likely result from unfavorable weather conditions in agricultural areas in the short-run? Group of answer choices A. a decrease in unemployment B. a decrease in inflation C. an increase in the natural rate of unemployment D. an increase in the GDP Deflator
3) Long-run economic growth requires all of the following except a. technological change. b. government provision of secure property rights. c. increases in capital per hour worked. d. political instability.