Which of the following causes economic growth? (A A decrease in the money supply A decrease in the price level An increase in nominal output An increase in consumption spending E An increase in labor productivity

Which of the following causes economic growth? (A A decrease in the money supply A decrease in the price level An increase in nominal output An increase in consumption spending E An increase in labor productivity

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 9SCQ: Would the following events usually lead to capital deepening? Why or why not? A weak economy in...

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Question

Which of the following causes economic growth?
A
A decrease in the money supply
A decrease in the price level
An increase in nominal output
An increase in consumption spending
E
An increase in labor productivity

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