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.
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.
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 2P
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