Long-Term Growth in Production in the U

question 140

Multiple Choice

Long-term growth in production in the U.S. economy can be partially explained by _____

• A) improvements in the rules of the game that facilitate production and exchange.
• B) the peaks and troughs of the business cycle or economic fluctuations.
• C) trade surpluses that lead to accumulation of precious metals.
• D) increases in government budget deficits.
• E) a gradual but consistent increase in the price level.

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Definitions:

Distributive Justice

The perceived fairness of the allocation or distribution of resources or rewards among individuals or groups in a society.

Individual Rights

Basic freedoms and protections that belong to every single person, safeguarding their autonomy and dignity against infringement.

Utilitarian Outcomes

Decisions or actions that are made based on the principle of generating the greatest good for the greatest number of people.

Moss Kanter

Rosabeth Moss Kanter is a professor at Harvard Business School, known for her research in strategy, innovation, and leadership for change.