We are interested in long-term growth primarily because it brings

Question

Quizplus · Accepted Answer

Long-term growth leads to higher standards of living by creating more jobs, increasing incomes, and improving overall economic well-being. This can lead to a higher demand for goods and services, which can in turn lead to higher price levels. However, the primary benefit of long-term growth is a better quality of life for individuals and higher levels of prosperity for countries as a whole. It is not likely to lead to lower price levels or trade wars with trading partners.

We Are Interested in Long-Term Growth Primarily Because It Brings