Question:
How can Long Run Economic Growth be obtained?
Author: eric_galvaoAnswer:
-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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