Which of these is an indicator of increased economic growth in a nation? A) increased job satisfaction B) increased aggregate demand C) increased welfare applications D) increased transfer payments by the government
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(c) increased welfare applications
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Increased aggregate demand is an indicator of increased economic growth in a nation
Option: ( B).
Explanation:
- At a longer time frame an increase in the aggregate demand is known to raise the price of a good or service.
- Once the demand increment the aggregate curve is known to shift to the right.
- Four components are responsible for the rise of aggregate demand. They are investment and government spending along with net exports.
- Once the investment development, it is observed that the interest rate falls, production is bound to enhance with superior technology whereby output increases. .
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