If long-run economic growth is not accompanied by a change in aggregate demand, the result will be

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Long-run economic growth refers to an increase in the production capacity of an economy over time. If this growth is not accompanied by a change in aggregate demand, there will be a surplus supply of goods and services in the market, leading to a decrease in prices, also known as deflation. If the deflation persists over a longer period, it is called secular deflation.

If Long-Run Economic Growth Is Not Accompanied by a Change