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Explain the main factors which determine an economy’s rate of economic growth

      

Explain the main factors which determine an economy’s rate of economic growth

  

Answers


marlyne
Both demand side and supply side policies may have an impact on an economy’s rate of economic growth. However, the impact of the former is likely to be greater in the short run. Long run economic growth will require an increase in the quantity of resources or an increase in their productivity. However, demand side stimuli may be used in order to minimize any output gap.
marlinbito answered the question on July 5, 2018 at 12:24


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