Which of the following statements is true? O A. Short-term growth has considerably more importance for a society's living standards from decade to decade and from generation to generation. B. Understanding business cycles requires an understanding of monetary policy. C. Both total output and output per person have risen for many decades in most developing countries. O D. Most economists agree that the increase in inflation in the 1970s and early 1980s was related to budget deficits.

Which of the following statements is true? O A. Short-term growth has considerably more importance for a society's living standards from decade to decade and from generation to generation. B. Understanding business cycles requires an understanding of monetary policy. C. Both total output and output per person have risen for many decades in most developing countries. O D. Most economists agree that the increase in inflation in the 1970s and early 1980s was related to budget deficits.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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