The level of GDP is determined by the same factors in the long run as in the short run.

Name: The level of GDP is determined by the same factors in the long run as in the short run.
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In the short run, GDP is primarily influenced by demand-side factors such as consumer spending, government spending, and net exports. In the long run, GDP is determined by supply-side factors, including the quantity and quality of labor, capital, technology, and natural resources.

The Level of GDP Is Determined by the Same Factors