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Which statement below regarding sustainable economic growth is FALSE? A recession is a sustainable level of production. Producing or consuming more does not always equate
Which statement below regarding sustainable economic growth is FALSE?
- A recession is a sustainable level of production.
- Producing or consuming more does not always equate to long term economic growth.
- When equilibrium is to the right of the LRAS, that is a sustainable level of production.
- In a recession, public policy could help an economy return to full employment.
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
