The Most Direct Effect of an Increase in the Growth

question 18

Multiple Choice

The most direct effect of an increase in the growth rate of average labor productivity would be an increase in

• A)the inflation rate.
• B)the unemployment rate.
• C)the long-run economic growth rate.
• D)imported goods.

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Definitions:

Business Classes

Groups in society involved in the creation, management, and operation of businesses, often considered in terms of socioeconomic status, influence, and roles in the economy.

Bonanza Farms

Large farms that covered thousands of acres and employed hundreds of wage laborers in the West in the late nineteenth century.

Thousands Of Acres

A measure of land area, often used to describe the vast size of agricultural, forested, or undeveloped land.