Rising productivity will drive increased economic growth and raise the average standard of living,shifting _____ curve to the _____.

Question

Quizplus · Accepted Answer

Increasing productivity will shift the long-run aggregate supply curve to the right, as firms are able to produce more output with the same level of inputs. This will lead to increased economic growth and a higher standard of living in the long run.

Rising Productivity Will Drive Increased Economic Growth and Raise the Average