Economic growth is:
A) an increase in our economy's potential output.
B) represented by the long-run aggregate supply curve shifting to the right.
C) a result of having more natural resources, land or capital.
D) All of these are true.

Question

Quizplus · Accepted Answer

Economic growth involves an increase in our economy's potential output, which is represented by the long-run aggregate supply curve shifting to the right. This can be a result of having more natural resources, land, or capital available to produce output. Therefore, all of these statements are true.

Economic Growth Is