The Two Major Reasons for the Tremendous Growth in Output

question 27

Multiple Choice

The two major reasons for the tremendous growth in output in the U.S.economy over the last 125 years are

• A)population growth and low inflation.
• B)population growth and increased productivity.
• C)low unemployment and low inflation.
• D)low inflation and low trade deficits.

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Definitions:

Intellectual

pertains to activities or functions of the mind characterized by complex cognitive faculties, such as thinking, reasoning, and understanding.

Role Construct Repertory

A psychological assessment tool that evaluates personal construct systems to understand how individuals perceive their relationships and social world.

Complexes

Psychological patterns often unconscious, consisting of memories, perceptions, and desires deeply influencing an individual's attitudes and behaviors.

Anticipations

Expectations or preconceived notions about future events or situations, often influencing behavior and perception.