All of the following are considered factors contributing to economic growth except O Growth in the quantity and quality of labor resources used O Growth in physical capital inputs (machines, tools, buildings, and inventories) O Growth in the money supply relative to the growth of final goods and services O Government protection of property rights

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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All of the following are considered factors contributing to economic growth except
O Growth in the quantity and quality of labor resources used
Growth in physical capital inputs (machines, tools, buildings, and inventories)
O Growth in the money supply relative to the growth of final goods and services
O Government protection of property rights
Unlike the Classical economists, Keynes asserted that:
O The private economy was inherently unstable.
O Laissez faire would lead to macro equilibrium.
O Prices and wages were flexible.
Markets would naturally self-adjust.
Transcribed Image Text:All of the following are considered factors contributing to economic growth except O Growth in the quantity and quality of labor resources used Growth in physical capital inputs (machines, tools, buildings, and inventories) O Growth in the money supply relative to the growth of final goods and services O Government protection of property rights Unlike the Classical economists, Keynes asserted that: O The private economy was inherently unstable. O Laissez faire would lead to macro equilibrium. O Prices and wages were flexible. Markets would naturally self-adjust.
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