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Describe the factors that affect long-run economic growth Apply these factors in an AS/AD framework Describe the mechanisms through which monetary policy and fiscal policy


  • Describe the factors that affect long-run economic growth
    • Apply these factors in an AS/AD framework
  • Describe the mechanisms through which monetary policy and fiscal policy affect the economy
    • Apply these mechanisms in an AS/AD framework
  • Discuss the tradeoff between affecting the economy in the short run and in the long run.

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Factors Affecting LongRun Economic Growth 1 Technological Progress Advancements in technology enhance productivity and drive economic growth 2 Human C... blur-text-image

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