Economic growth can be represented

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Reference no: EM13978552

1. Economic growth will occur in each of the following cases except through

a. an increase in the quantity of labor

b. an increase in the quality of labor

c. an increase in the quantity of money

d. an increase in the quantity of physical capital

2. Graphically, economic growth can be represented by a

a. rightward shift of the aggregate demand curve

b. leftward shift of the aggregate demand curve

c. leftward shift of the short-run aggregate supply curve

d. rightward shift of the long-run aggregate supply curve

Reference no: EM13978552

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