Economic growth results when there are increases in
A)the real wage rate.
B)long- run aggregate supply.
C)the inflationary gap.
D)aggregate demand.
E)short- run aggregate supply resulting from falling money wage rates and falling factor prices.

Question

Quizplus · Accepted Answer

Economic growth is typically associated with an increase in long-run aggregate supply, which reflects an economy's potential output and productive capacity.

Economic Growth Results When There Are Increases in