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Long-Run Growth in Real GDP Is Determined Primarily by ______

Question 42

Multiple Choice

Long-run growth in real GDP is determined primarily by ______, while short-run movements in real GDP are associated with ______.


A) variations in labor-market utilization; technological progress
B) technological progress; variations in labor-market utilization
C) money supply growth rates; changes in velocity
D) changes in velocity; money supply growth rates

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