Long-Term Growth in Production in an Economy Can Be Partially

Multiple Choice

Long-term growth in production in an economy can be partially explained by:

A) improvements in the rules of the game that facilitate production and exchange.
B) the peaks and troughs of the business cycle or economic fluctuations.
C) trade surpluses that lead to accumulations of precious metals.
D) federal government budget deficits.
E) a gradual but consistent increase in the price level.