Long-Term Growth in Production Can Be Partially Explained by

question 34

Multiple Choice

Long-term growth in production can be partially explained by

• A)improvements in the "rules of the game" that facilitate production and exchange
• B)the peaks and troughs of the business cycle (or economic fluctuations)
• C)trade surpluses that lead to accumulations of precious metals
• D)federal government budget deficits
• E)a gradual but consistent increase in the price level

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Definitions:

Correlation

An index quantifying the degree to which two variables exhibit concomitant variation.

Degrees Celsius

A unit of temperature on the Celsius scale, a temperature scale originally known as the centigrade scale, where 0 degrees represents the freezing point of water and 100 degrees its boiling point at sea level.

Public Service Announcement

A message broadcast on television, radio, or public spaces to inform or educate the public about an issue of public interest.

Scatterplot

A graph utilized in statistical analysis to visually present and contrast two variables across a dataset.