Which of the following can be said about economic growth?
I.Economic growth is the result of increases in long-run aggregate supply.
II.Economic growth is the result of increases in aggregate demand.
A) I only
B) II only
C) I and II
D) neither I or II

Question

Quizplus · Accepted Answer

Economic growth is primarily driven by increases in long-run aggregate supply, reflecting improvements in productivity, technology, and resources, rather than short-term changes in aggregate demand.

Which of the Following Can Be Said About Economic Growth