The costs of long-run economic growth include:
1) declining future average living standards;
2) that current consumption must be sacrificed to increase investment in capital goods;
3) current increases in investment may only generate greater consumption in the distant future.
A) 1 and 2
B) 2 and 3
C) 1 only
D) 2 only
E) 3 only
Correct Answer:
Verified
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