Question
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 mechanisms 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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Factors Affecting LongRun Economic Growth 1 Technological Progress Advancements in technology enhance productivity and drive economic growth 2 Human C...Get Instant Access to Expert-Tailored Solutions
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