Many economists think that long-run economic growth is important for the welfare of a nation. Classify the statements below regarding long-run economic growth as true or false. No explanation is needed just whether or not is is true or false - An economy that has experienced long-run economic growth has avoided painful recessions - There has been more long-run economic growth in the last 100 years than occurred between the years 1000 and 1700 - Long-run economic growth is often a direct result of expansionary monetary policy - A nation with a shrinking population cannot experience long-run economic growth - Long-run economic growth can be measured with per capita GDP - Long-run economic growth is often a result of increases in productivity
Many economists think that long-run
- An economy that has experienced long-run economic growth has avoided painful recessions
- There has been more long-run economic growth in the last 100 years than occurred between the years 1000 and 1700
- Long-run economic growth is often a direct result of expansionary
- A nation with a shrinking population cannot experience long-run economic growth
- Long-run economic growth can be measured with per capita
- Long-run economic growth is often a result of increases in productivity
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