Long-term economic growth requires a permanent:

Question

Quizplus · Accepted Answer

Long-term economic growth is represented by an increase in real GDP over a sustained period of time. This requires an increase in the economy's productive capacity, which can be achieved through investments in capital, technology, and education. One of the key factors that affect productive capacity is the aggregate supply curve. A rightward shift of the vertical aggregate supply curve indicates that more goods and services can be produced at every price level, which increases the economy's potential output and supports long-term economic growth. Therefore, permanent rightward shift of the vertical aggregate supply curve is necessary for long-term economic growth.

Long-Term Economic Growth Requires a Permanent