Over the Last Fifty Years Both Real GDP and Prices

question 53

Multiple Choice

Over the last fifty years both real GDP and prices have trended upward in most countries.Continuing real GDP growth and inflation can be explained by

• A)continuing technological progress alone.
• B)continuing increases in the money supply alone.
• C)continued technological progress and continuing increases in the money supply.
• D)None of the above can explain continuing real GDP growth and inflation.

---

Definitions:

Nearest Exit

The closest point of egress from a building, vehicle, or area, often highlighted as part of safety protocols.

Large Audience

A substantial number of viewers, listeners, or spectators gathered for an event or through a broadcast media platform.

No Free Lunch

A principle asserting that everything has a cost, and nothing valuable can be obtained without effort or exchange.

Economists

Professionals who study, develop, and apply theories and concepts from economics to analyze data and understand economic issues and trends.