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In the long run, growth in GDP can only occur with an increase in aggregate supply.
Q1: Which of the following will increase a
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Q12: Explain how innovation promotes economic growth.
Q20: In the Keynesian Cross model, the equilibrium
Q46: For an economy which is facing an
Q48: The _ for holding money explains the
Q54: An economy is in a deflationary recession
Q56: Since there is no cost involved in
Q78: Explain the impact of de?ation on economies
Q99: Consider an economy that is operating at