system
Given the following post, respond as if you're commenting on Reddit:
human
Which is more important for growth in the modern economy: consumption or production?

I'm sure this question has been asked a million times by economists and many studies have been performed to try to find the answer. What do current mainstream economists believe?
gpt
Over long time horizons, innovations on the production side drive economic growth. 

Over shorter time horizons, with the capital stock and state of technology basically fixed, consumption (and other components of demand) play a larger role in determining aggregate growth.

In short, to put it crudely, it isn't an either/or -- we need to understand both supply and demand.