A government seeks to secure consistent, stable growth, matching the economy’s long-term rise in productivity. If this goal is reached, what effect is it likely to have on average living standards and the level of unemployment?
- Aaverage living standards: constant; level of unemployment: falling
- Baverage living standards: falling; level of unemployment: unchanged
- Caverage living standards: rising; level of unemployment: rising
- Daverage living standards: rising; level of unemployment: unchanged