An article in the Gotham Times states that the stock of capital and the workforce in Gotham
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An article in the Gotham Times states that the stock of capital and the workforce in Gotham are both increasing at an annual rate of 7 percent. The same article states that real output is growing by 11 percent. Explain if this is possible in the short run and in the long run.
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Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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