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Describe the factors that affect long-run economic growth Apply these factors in an AS/AD framework Describe the mechanisms through which monetary policy and fiscal policy

  • Describe the factors that affect long-run economic growth
  • Apply these factors in an AS/AD framework
  • Describe the mechanisms through which monetary policy and fiscal policy affect the economy
  • Apply these factors in an AS/AD framework
  • Discuss the tradeoff between affecting the economy in the short run and in the long run.

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