Long-Term Growth in Production in the U

Multiple Choice

Long-term growth in production in the U.S. 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 accumulation of precious metals.
D) increases in government budget deficits.
E) a gradual but consistent increase in the price level.