AP® Macroeconomics

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Difficult

New Economy

APMACR-KYYXPU

The so-called New Economy is primarily characterized by

A

large growth increases due to new natural resource finds.

B

large growth increases due to lower taxes.

C

large growth due to increased productivity.

D

declining real GDP output due to higher unemployment caused by technology change.

E

declining GDP caused by fears of inflation due to deficit spending.