Consider the Neoclassical growth model.Sustained economic growth in the long run could best be fostered by

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According to the Neoclassical growth model, sustained economic growth in the long run can be fostered by technological improvements embodied in physical or human capital. This means that the economy can grow over a long period of time if there are improvements in the technology used to produce goods and services, and if there are investments in education and training to build human capital. Expansionary fiscal policy and monetary policy may lead to short-term growth but can also lead to inflation and other economic problems. Decreasing excise taxes on consumer goods and elimination of an output gap may provide some short-term benefits but do not address the underlying factors that drive long-term economic growth. Therefore, C is the best choice.

Consider the Neoclassical Growth Model