Which of the Following Was Given as a Reason to Doubt

question 49

Multiple Choice

Which of the following was given as a reason to doubt the idea of "New Economy"?

• A)High growth in computer investment could not be sustained.
• B)Actual real GDP could not continue to grow slower than natural real GDP growth.
• C)Inflation could not be reduced by a higher productivity growth rate.
• D)All of the above.

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Definitions:

Opportunity Costs

The cost of an alternative that must be foregone to pursue a certain action. Put another way, the benefits you could have received by taking an alternative action.

Make Total Cost

An approach to calculate the comprehensive cost of manufacturing a product, including raw materials, labor, and overheads.

Buy Total Cost

The total expense incurred to purchase an item or service, including the purchase price and any additional fees or expenses.

Variable Expenses

Costs that vary in total in direct proportion to changes in business activity levels or volumes, such as sales commissions or raw material costs.