Which of the following has NOT contributed to higher standards of living in the long run?
A) productivity
B) investment in physical capital
C) investment in human capital
D) the stock of technology
E) lower interest rates

Question

Quizplus · Accepted Answer

Lower interest rates may contribute to short-term economic growth, but they do not directly contribute to long-term improvements in productivity, investment in physical and human capital, and advancement in technology.

Which of the Following Has NOT Contributed to Higher Standards