Which of the Following Can Be Said About Economic Growth

question 152

Multiple Choice

Which of the following can be said about economic growth?
I. Economic growth is the result of increases in long-run aggregate supply.
II. Economic growth is the result of increases in aggregate demand.

• A) I is true and II is false
• B) I is false and II is true
• C) I and II are both true
• D) I and II are both false

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Definitions:

Memory and Reasoning

Cognitive processes involving the storage, retrieval, and use of information to make decisions and solve problems.

Older Adults

Individuals typically aged 65 years and older, often considered the senior citizen or elderly population segment.

Capacities Underestimated

The phenomenon where an individual's or group's abilities or potential are judged or valued lower than their actual capabilities.

Time of Research

Refers to the specific period during which scientific research is conducted.