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Unformatted text preview: C) high consumption rate for high quality electronic products. D) skilled labour force that developed over those forty years. E) high savings rate. 13) 14) 15) All long run increases in national income can be traced to a rightward shift in aggregate A) demand due to new technology which causes continuous growth in consumer spending. B) supply because higher wages will increase the participation rate. C) supply resulting from the availability and employment of more factors and/or increased factor productivity. D) demand because excess of demand will increases wages which in turn increases employment. E) demand because increases in demand will lead to increases in output and prices. 15)...
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This note was uploaded on 01/15/2012 for the course ECON 104 taught by Professor Peter during the Summer '09 term at Camosun College.
- Summer '09