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From course:

Economics A Level (DONEEEEEEE)

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Question:

How can Long Run Economic Growth be obtained?

Author: eric_galvao



Answer:

-This is when the LRAS Shifts to the Right. This is done when -Innovation [New Technology] -Investment on Modern Machinery [Better Capital Stock - Stuff that is needed to make Goods like Factories or Machines] -Using GM Crops to increase Agriculture Output -Spending on Training and Education to Better Human Capital -Bigger Population Size via Immigration to increase the Nation's Workforce -Having Stability in the Economy


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