Question

When considering the impact of institutions and policies on economic performance, it is most important to focus onA. long-term economic growth.B. short-term economic growth.C. business cycle fluctuations.D. the labor force participation rate of married women.

Answer 1

Answer: The correct answer is choice a.

Explanation: It is important to understand that economics is cyclical and will have fluctuations. When considering the impact of institutions and policies on economic performance, it is most important to focus on the long term economic growth. This answer is found in choice a.