Which statement is TRUE?

Question

Quizplus · Accepted Answer

The level of saving is important for long-run growth, as it provides the resources necessary for investment in capital which leads to economic growth. A is False as the US output has historically grown faster than its population. B is False as long-run growth models focus on factors that impact potential output growth while business cycle models focus on short-term fluctuations in the economy. C is False as Argentina has experienced multiple economic crises and has not consistently outperformed Canada since World War II.

Which Statement Is TRUE