Business, 19.11.2021 22:10 lazavionadams81

PLEASE HELP Circle the best answer for each of the following questions,

1. Which of the following are basic ways to increase the production
of goods and services in order to encourage economic growth?

A. Increase the number of people in the workforce.

B. Decrease the purchase of goods and services from foreign
countries.

C. Improve technology by inventing new and better machines.

D. All are ways to increase the production of goods and services

2. A(n)Occurs when demand for the total goods and services
available is less than the supply.
a. inflation

b. recession

C. depression

d. business cycle

THINK CRITICALLY
Answer the following questions as completely as porsible.

3. Explain the three problems that can occur withir an economy
when the growth rate is too fast or too slow.

4. Explain how an economic system can control its
business cycles.

Answers: 3

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PLEASE HELP Circle the best answer for each of the following questions,

1. Which of th...