Which of the following has NO effect on long-run economic growth?
A) institutions
B) money
C) productivity
D) investment
E) population

Question

Quizplus · Accepted Answer

Money can only affect short-run economic growth by influencing the level of aggregate demand. In the long run, it has no effect on economic growth as it does not have any impact on the production capacity of an economy. The factors that are essential for long-run economic growth are institutions, productivity, investment, and population.

Which of the Following Has NO Effect on Long-Run Economic