Many economists believe that long-run economic growth is best promoted by ________ structural change,such as with a policy of ________.

Question

Quizplus · Accepted Answer

Long-run economic growth is best promoted by adapting to structural change, such as with a policy of assisting retraining and relocation. This approach encourages workers and industries to adapt to changing economic conditions, which promotes long-term growth and development. Resisting structural change through policies like subsidizing failing industries or contractionary monetary policy can actually hinder economic growth by keeping unproductive industries afloat and preventing resources from shifting to more productive uses. Therefore, D is the best choice.

Many Economists Believe That Long-Run Economic Growth Is Best Promoted