Economic Growth Is Represented by A

question 59

Multiple Choice

Economic growth is represented by a:

• A) rightward shift of the rule of 72 curve.
• B) movement along a production possibilities curve.
• C) rightward shift in potential real GDP (LRAS).
• D) leftward shift of the long-run aggregate supply curve (LRAS).

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Definitions:

Canalization

Limitation on variance of expression of certain inherited characteristics.

Concordance

Agreement, harmony, or compatibility between opinions or actions.

Monozygotic Twins

Twins who originate from a single fertilized egg, making them genetically identical.

Heritability

The proportion of observed variation in a particular trait, within a population, that can be attributed to inherited genetic factors.