Which of the following has not contributed to higher standards of living in the long run?
A)productivity
B)investment in physical capital
C)investment in human capital
D)the stock of technology
E)lower interest rates

Question

Quizplus · Accepted Answer

Lower interest rates may boost short-term consumption and investment, but they may not necessarily contribute to long-term growth and higher standards of living. Productivity, investment in physical and human capital, and the development and adoption of new technologies are factors that have consistently contributed to sustained economic growth and higher living standards over time.

Which of the Following Has Not Contributed to Higher Standards