Posted by smeffy on .
Why do we consider a business-cycle expansion different from long-run economic growth?
Why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?
Take a shot, what do you think? Hint think short run vs long run and total GDP vs per-captia GDP.
Need a helpful website that i can read to help explain the following question. or some insight on this question.
Between 1968 and 1980, the US economy experienced a slowdown in productivity growth. However, since the mid 1980s, the economy has experienced increases in the growth rate in productivity. Can you give reasons why US productivity growth started to increase during the late 1980s and continued throughout the decade of the 1990s?