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Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin
Edition 7ISBN: 978-0134018959Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin
Edition 7ISBN: 978-0134018959 Exercise 4
Why does it matter to you if the long-run economic growth rate falls from its historical 2.1 percent to, say, only 0.9 percent? How does your answer differ depending on whether you are looking ahead to the end of this year or are looking ahead to the entirety of your working career?
Explanation
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Economic growth is a rise in the capabil...
Economics of Macro Issues 7th Edition by Roger LeRoy Miller,Daniel Benjamin
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