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.
D)Cannot be sustained over time.

Question

Quizplus · Accepted Answer

Economic growth refers to an increase in output, which means that the economy is producing more goods and services than before. It is represented by an outward shift in the production possibilities curve, indicating an increase in the economy's capacity to produce. While economic growth may not be sustained over time due to various factors, it is not necessarily a short-term decrease in capacity.

Economic Growth