The potential output of a country would increase as a result of each of the following, except:
A) An increase in population
B) An increase in capital per worker
C) Technological innovation that increases labor productivity
D) Depreciation of the capital stock
Correct Answer:
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Q2: A characteristic of long-run equilibrium is, the
Q4: Business cycles are viewed as:
A)Movements in the
Q5: In the long run, the inflation rate
Q6: The aggregate demand curve shows the quantity
Q8: Short-run movements in inflation and output are
Q9: The Fed hopes to impact short-run inflation
Q10: To economists, inflation means all of the
Q11: Which of the following would cause an
Q11: If inflation is very high, say 50
Q13: Which of the following statements is most
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