Political freedom can sometimes moderately reduce economic growth because A.campaign contributions lead to reductions in investment. B.most jobs are in unions that are politically connected. C.special interest groups may gain at the expense of the overall economy. D.all of the above.

political freedom saves individuals from oppression and citizens are able to participate in…

Answered: olitical freedom can sometimes…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 9PA

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Political freedom can sometimes moderately reduce economic growth because

campaign contributions lead to reductions in investment.

most jobs are in unions that are politically connected.

special interest groups may gain at the expense of the overall economy.

all of the above.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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