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Sources of economic growth (1 Viewer)

Sparcod

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There's the aggregate demand equation.
Also, a rise in technology/ quality of labour and hence productivity.
 

Riviet

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Many government policies can be used to boost growth - e.g monetary and fiscal policy, not to mention microeconomic policies that can indirectly increase economic growth through improvements in productivity and efficiency.
 

mitsui

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increase in AD
increase in amount of factors of production
increase in productivity of existing factors of production
 
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Sparcod

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Riviet said:
Many government policies can be used to boost growth - e.g monetary and fiscal policy, not to mention microeconomic policies that can indirectly increase economic growth through improvements in productivity and efficiency.
Microeconomic reform increases productivity in the long term.
 

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