Aggregate supply grows over time because of growing consumer and government spending.

Name: Aggregate supply grows over time because of growing consumer and government spending.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Aggregate supply grows over time due to factors such as technological progress, increasing labor force participation, and improvements in production efficiency. Consumer and government spending can stimulate short-term economic growth, but they do not directly contribute to long-term supply-side improvements.

Aggregate Supply Grows Over Time Because of Growing Consumer and Government