Economic growth refers to an increase in:
A) aggregate demand.
B) long-run aggregate supply.
C) short-run aggregate supply.
D) the overall price level.

Name: Economic growth refers to an increase in: A) aggregate demand. B) long-run aggregate supply. C) short-run aggregate supply. D) the overall price level.
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Question

Quizplus · Accepted Answer

Economic growth is typically represented by an increase in a country's long-run aggregate supply, which reflects the economy's ability to produce goods and services over time.

Economic Growth Refers to an Increase In