roach this goal? ect one: a. As long as GDP is increasing even a little, they can assume that Americans' living standards are rising. b. As long as the federal government focuses on economic growth in the short-run, it will achieve economi growth in the long-run. c. Since the U.S. population increases about 0.9% per year, in order for living standards to increase, Real GE must increase faster than our population. d. Since the U.S. economy has not successfully achieved long-term economic growth in the last 100 years, federal government should do the opposite of whatever they have been doing.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
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For the United States federal government, long-term economic growth is an important goal. How should they
approach this goal?
Select one:
Oa. As long as GDP is increasing even a little, they can assume that Americans' living standards are rising.
O b. As long as the federal government focuses on economic growth in the short-run, it will achieve economic
growth in the long-run.
Oc.
Since the U.S. population increases about 0.9% per year, in order for living standards to increase, Real GDP
must increase faster than our population.
Od. Since the U.S. economy has not successfully achieved long-term economic growth in the last 100 years, the
federal government should do the opposite of whatever they have been doing.
Transcribed Image Text:For the United States federal government, long-term economic growth is an important goal. How should they approach this goal? Select one: Oa. As long as GDP is increasing even a little, they can assume that Americans' living standards are rising. O b. As long as the federal government focuses on economic growth in the short-run, it will achieve economic growth in the long-run. Oc. Since the U.S. population increases about 0.9% per year, in order for living standards to increase, Real GDP must increase faster than our population. Od. Since the U.S. economy has not successfully achieved long-term economic growth in the last 100 years, the federal government should do the opposite of whatever they have been doing.
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