When economists refer to "investment," they are describing a situation whereWhich of the following would an economist consider to be investment?Which of the following is an example of a demand shock?Consumers become worried about job loss and buy fewer goods and services than expected.Which of the following is an example of a supply shock?A dramatic increase in energy prices increases production costs for firms in the economy.Suppose that an economy's output does not change from one year to the next, but the price level doubles.
Economists who support economic growth say that it is the most practical route to the higher standards of living that the vast majority of people desire. Using year 1 as the base year, the country's price index in year 2 isThe achievement of full employment through time willan outward shift of the production possibilities curveRefer to the diagram. Most economists believe that the recent rise in the average rate of productivity growth implies an end to the business cycle.
Critics of economic growth C)The government should keep the inflation rate below 4%. Which of the following is a true statement? Economists who believe that the 1995-2012 rise in the average rate of productivity growth will be long lasting say that: innovations in computers and communications, together with global capitalism, are greatly boosting U.S. productivity and the economy's potential economic growth rate. If year 2 is chosen for the base year, in year 3 nominal GDP and real GDP, respectively, aresums together the dollar value of economic activity at the four stages of production.Suppose that the base year is 2015, and the GDP price index in 2014 is 92.0. 216 Which of the following is a true statement? Economists who support economic growth say that it is the most practical route to the higher standards of living that the vast majority of people desire. "Refer to the above list. Which of the following is a true statement? This implies that theConsumers in an economy buy only three general types of products, A, B, and C. Changes in the prices of these items over a period are shown in the table. Between Year 2 and Year 3, real GDP increased byEconomists who support economic growth say that it is the most practical route to the higherargue that economic growth does not resolve socioeconomic problems such as an unequalThe historical reallocation of labor from agriculture to manufacturing in the United States hasThe industries or sectors of the economy in which business cycle fluctuations tend to affect output most areThe phase of the business cycle in which real GDP is at a minimum is calledWhich of the following is not seen by economists as an underlying cause of business cycle fluctuations?All of these are identified as causes of business cycle changes.Most economists agree that the immediate cause of most business cycle variation isan unexpected change in the level of total spending.What is the primary reason that changes in total spending lead to cyclical changes in output and employment?Innovations such as the microchip and the Internet lead to business cycle variations becausesignificant innovations occur irregularly and unexpectedly.If the rate of inflation is 12 percent per year, the price level will double in aboutIf the Consumer Price Index rises from 300 to 333 in a particular year, the rate of inflation in that year isis equal to the total of frictional and structural unemployment Most economists believe that the recent rise in the average rate of productivity growth implies an end to the business cycle.
As distinct from the demand and efficiency factors of economic growth, the supply factors of economic growth are:Refer to the above list.
A)Economic growth is more important than environmental protection. B. a.) Most economists believe that the recent rise in the average rate of productivity growth … As distinct from the supply factors and demand factor of economic growth, the efficiency factor(s) of economic growth is (are):Which set of items in the above list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?Proponents of economic growth make all of the following arguments except:There is a direct relationship between a growing real GDP and rising pollution. Output and price data for a three-year period are shown in the table. Realized economic growth is best represented by aWhich of the following is best considered a demand factor in economic growth?Supply factors in economic growth include the following, exceptThe table shows the quantity of labor (measured in hours) and the productivity of labor (measured in real GDP per hour) in a hypothetical economy in three different years. Economists who support economic growth say that it is the most practical route to the higher standards of living that the vast majority of people desire.
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which of the following is a true statement economists who support economic growth