As Figure 30.1 implies, for the United States, the Solow growth curve has, on average, been approximately

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As Figure 30.1 implies, for the United States, the Solow growth curve has, on average, been approximately 3% real growth per year. If a negative real shock hits, shifting it by 2 percentage points, what will happen to real growth: Will it be positive or negative? Would you call the resulting economic conditions a recession? : lop1

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Modern Principles Of Economics

ISBN: 9781429239974

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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