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According to the rule of 70, a 10% annual increase in real GDP would lead to a doubling of real GDP in seven years.
Q16: The sum of the frictional and structural
Q28: The skills, training, and education possessed by
Q70: Since 1960 the price level in the
Q83: Higher interest rates will lead to increased
Q92: Suppose a panel of economists predicts that
Q113: (Table: Dexter's Employment Statistics) Look at the
Q146: During periods of high inflation, stores that
Q194: Technological change:<br>A) raises total factor productivity.<br>B) is
Q274: (Figure: Technological Progress and Productivity Growth) Look
Q284: In 1798, the English economist Thomas Malthus