With economic growth,there is

Name: With economic growth,there is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economic growth means an increase in output per unit of labor, which can be achieved through technological advancements, increased capital, and better labor force skills. This results in more efficient production and an increase in the potential output of the economy, shifting the production possibilities curve outward. This does not necessarily affect the vertical aggregate supply function. Therefore, the correct option is C.

With Economic Growth,there Is