The growth rate of productivity is the most important determinant of material well-being in the short run.

Name: The growth rate of productivity is the most important determinant of material well-being in the short run.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

The growth rate of productivity is a key determinant of material well-being in the long run, not the short run. In the short run, factors such as consumer spending, government policies, and market conditions can have a more immediate impact on material well-being.

The Growth Rate of Productivity Is the Most Important Determinant