Economic growth can be illustrated in the AD/AS framework through __________.

Social Studies

1 answer:

Verdich [7]3 years ago

7 0

Answer:

C. a shift of long-run aggregate supply curve to the right

Explanation:

In the AD/AS diagram, long-run economic growth due to productivity increases over time will be represented by a gradual shift to the right of aggregate supply. In the short run, GDP falls and rises in every economy, as the economy falls into or expands out of recession

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