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According to our text: Group of answer choices In the long run, an increase in real spending, or purchasing power, is caused by increases in
According to our text:
Group of answer choices
In the long run, an increase in real spending, or purchasing power, is caused by increases in productivity.
Productivity increases occur as a result of advances in technology and/or increases in resources.
An increase in government spending, unless it encourages technology or capital formation, does not lead to an increase in real spending in the long run.
All of these answers are correct according to the CD.
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