An increase in ________ would lead to an increase in long-run economic growth.

Question

Quizplus · Accepted Answer

Resources and technology are the two key factors that contribute to long-run economic growth. An increase in resources such as labor, capital, and natural resources can lead to increased production and output, while technological advancements can lead to increased efficiency and productivity. These factors can lead to a sustained increase in economic growth over time. Consumer spending and borrowing, imports and exports, prices and interest rates, and government taxes and fees can all have short-term effects on economic growth, but they are not as significant in driving long-run growth.

An Increase in ________ Would Lead to an Increase in Long-Run