Long-Term Growth in Production Can Be Explained by _____

question 147

Multiple Choice

Long-term growth in production can be explained by _____

• A) a rapid and accelerating increase in the price level.
• B) a gradual but consistent rise in the price level.
• C) better technology and know-how.
• D) a trade surplus that leads to the accumulation of gold.
• E) the peaks and troughs of economic fluctuations.

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Definitions:

Highest-Quality

Referring to the superior standard or level of excellence of a product, service, or attribute, surpassing all others in comparison.

Hard Disk Drive

An apparatus for data storage that employs magnetic storage techniques to save and access digital data through the use of one or several quickly spinning disks covered in magnetic material.

Permanent Storage

A method or solution for keeping data or records indefinitely, ensuring information is preserved over long periods without loss or degradation.

Storing Data

Refers to the process or method used to keep information, typically in digital format, for future use or retrieval.