The theory of economic growth focuses on the OOOO a O b C Od growth of real income equality in the long run; not on the growth of real income in the short run. growth of resources in the long run, not on the efficiency of resource use in the short run. growth of potential output over the long run, not on fluctuations in the level of economic activity in the short run. advancements in technology over the long run, not on short-run increases in real GDP.

The theory of economic growth focuses on the OOOO a O b C Od growth of real income equality in the long run; not on the growth of real income in the short run. growth of resources in the long run, not on the efficiency of resource use in the short run. growth of potential output over the long run, not on fluctuations in the level of economic activity in the short run. advancements in technology over the long run, not on short-run increases in real GDP.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 2P

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