Long-run economic growth is important for welfare of nation

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Many economists think that long-run economic growth is important for the welfare of a nation. Classify the statements below regarding long-run economic growth as true or false

a nation with a shrinking population cannot experience long-run economic growth. / long-run economic growth can be measured with per capita GDP / long-run economic growth is often a result of increases in productivity./ an economy that has experienced long-run economic growth has avoided painful recessions / long-run economic growth is often a direct result of expansionary monetary policy. / There has been more long-run economic growth in the last 100 years than occurred between the years 1000 and 1700

Reference no: EM13999238

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