Which of the Following Partly Accounts for the Long-Term Growth

question 84

Multiple Choice

Which of the following partly accounts for the long-term growth in production in the U.S. economy?

• A) an increase in government spending
• B) an increase in the availability of resources
• C) a reduction in federal taxes
• D) a gradual but consistent increase in the price level
• E) a general optimism about the future and the pioneering spirit of America

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Definitions:

Security Instrument

A legal document that creates a lien on a property, securing the repayment of a loan or performance of an obligation.

Re-filed

The act of submitting or filing a document or case again after it has been dismissed or needs correction.

Article 9

A section of the Uniform Commercial Code governing secured transactions, where a creditor has a security interest in the personal property of a debtor as collateral for a debt.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States.