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Learning Objectives
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In this chapter you will learn:
  • About the general ingredients of economic growth and how they relate to production possibilities analysis and long-run aggregate supply.
  • About "growth accounting" and the specific sources of U.S. economic growth.
  • Why U.S. productivity growth has accelerated since the mid-1990s.
  • About differing perspectives on whether growth is desirable and sustainable.





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McConnell, Macro 17e OLCOnline Learning Center

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