Endogenous growth theory argues that economic growth will naturally occur within a free market economy; therefore government demand management policies are not necessary to achieve
long- run economic growth.

Question

Quizplus · Accepted Answer

Endogenous growth theory suggests that economic growth is primarily driven by internal factors such as innovation and knowledge, and it often emphasizes the role of government policies in fostering these factors to achieve long-run growth.

Endogenous Growth Theory Argues That Economic Growth Will Naturally Occur