Economic growth
A)Refers to an increase in output.
B)Causes the production possibilities curve to shift inward.
C)Means that capacity has decreased in the short run.

Question

Quizplus · Accepted Answer

Economic growth refers to an increase in output, meaning that the economy is able to produce more goods and services. It is typically represented by a shift outward of the production possibilities curve, indicating an increase in capacity rather than a decrease.

Economic Growth