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Economics- Macro > Lesson 23 - economic growth > Flashcards

Lesson 23 - economic growth Flashcards

1
Q

Define economic growth?

A

Economic growth is a long term expansion of the productive potential of the economy.

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2
Q

How can economic growth be demonstrated on an AS/AD diagram.

A

AS shifts to the right
AD shifts to the right

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Economics- Macro (52 decks)

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