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From course:

Economics A Level

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Question:

How can Short Run Economic Growth be obtained? -How Influences how large the Short Run can be?

Author: go kys



Answer:

-This is done when AD Shifts to the Right. This means Demand-Side Factors will be Involved, for example, lowering Interest Rates or Government Spending -All down to how big the Multiplier Effect is. -Increasing SRAS also creates Short Run, meaning Factors that reduce the Production Cost, like Oil Price Reduction or Wages


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go kys
go kys