What causes the GDP to increase 2024?
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Studied at the University of Buenos Aires, Lives in Buenos Aires, Argentina.
Increased production leads to a lower unemployment rate, further increasing demand. Increased wages lead to higher demand as consumers spend more freely. This leads to higher GDP combined with inflation. ... Increased demand in the face of decreased supply quickly forces prices up.
2023-04-24 17:05:38
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Increased production leads to a lower unemployment rate, further increasing demand. Increased wages lead to higher demand as consumers spend more freely. This leads to higher GDP combined with inflation. ... Increased demand in the face of decreased supply quickly forces prices up.