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Explain about Economys growth rate
Economy's growth rate: Long-term economic growth, or tendency growth, is the rate of growth the economy can sustain, ignoring the short-term ups and downs of the economic cycle. It can be demonstrate by the outward movement of the economy's production possibility frontier. The percentage annual enhance in real GDP measures economic growth.
Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
note on Marris growth maximizing model
how to work out National Income?
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