The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are
A. population growth and low inflation.
B. population growth and increased productivity.
C. low unemployment and low inflation.
D. low inflation and low trade deficits.
Answer:B
The two major reasons for the tremendous growth in output in the U.S. economy over the last 125 years are
A. population growth and low inflation. B. population growth and increased productivity. C. low unemployment and low inflation. D. low inflation and low trade deficits.