Which Is Most Likely to Cause a Temporary Spurt in the Growth

question 48

Multiple Choice

Which is most likely to cause a temporary spurt in the growth of GDP that cannot be maintained in the long run?

• A) An unanticipated increase in aggregate demand.
• B) An anticipated increase in aggregate demand.
• C) An increase in long run aggregate supply (LRAS).
• D) An increase in wage rates

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Definitions:

Ethical Issue

A problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right or wrong.

Evaluated

The process of assessing or examining something to determine its value, quality, or significance.

Society

A large community of people living together in an organized way, making decisions about how to do things and sharing the work that needs to be done.

Integrity

The quality of being honest and having strong moral principles; moral uprightness.