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Real wage rate rises - PowerPoint PPT Presentation

What causes the business cycle? Why did U.S. economy go into recession in 2008?

What causes the business cycle? Why did U.S. economy go into recession in 2008?. 28. Aggregate Supply and Aggregate Demand. CHAPTER CHECKLIST. When you have completed your study of this chapter, you will be able to. 1 Define and explain the influences on aggregate supply.

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ECONOMIC GROWTH

25. ECONOMIC GROWTH. CHAPTER. Objectives. After studying this chapter, you will able to Describe the long-term growth trends in the United States and other countries and regions Identify the main sources of long-term real GDP growth

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Growth Theories

Growth Theories. Three main strands of Growth Theory have developed over time, each building upon and replacing the previous theory: Classical Growth Theory (Malthus) Neoclassical Growth Theory (Solow) New Growth Theory (Romer, Lucas). Growth Theories. Classical Growth Theory

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Real wage rate rises - PowerPoint PPT Presentation

What causes the business cycle? Why did U.S. economy go into recession in 2008?

ECONOMIC GROWTH

Growth Theories