Robert Lucas reflects the view of many economists when he argues that the most effective way to reduce world poverty is to:
A)eliminate recessions.
B)increase long-run growth.
C)provide loans to developing countries.
D)take money from those who are very wealthy and give to those who are very poor.

Question

Quizplus · Accepted Answer

Lucas emphasizes the importance of long-run economic growth as the most effective strategy for reducing global poverty. This perspective is based on the idea that sustained growth increases overall wealth and living standards, benefiting society as a whole, including those in poverty.

Robert Lucas Reflects the View of Many Economists When He