Which Is Most Likely to Cause a Temporary Spurt in the Growth

question 48

Multiple Choice

Which is most likely to cause a temporary spurt in the growth of GDP that cannot be maintained in the long run?

• A) An unanticipated increase in aggregate demand.
• B) An anticipated increase in aggregate demand.
• C) An increase in long run aggregate supply (LRAS).
• D) An increase in wage rates

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Definitions:

Marine Mammal Protection Act

A 1972 U.S. law aimed at protecting marine mammals, prohibiting their harassment, hunting, capturing, or killing.

Rivers And Harbors Act

A United States federal law enacted in 1899, regulating the development and management of the nation's waterways to protect navigable waters and prevent obstructions.

Endangered Species Act

A U.S. law enacted in 1973 aimed at protecting species threatened with extinction.

Price Elasticity

The measure of how much the quantity demanded or supplied of a good changes in response to a change in its price.