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168 cHAprER 5 . Long-Run Economic Growth Learmisus Sfu$ett$we Explain the bafanced growth path, convergence, and long-run equi l ibr ium. Balanced growth n situation in which…

Documents The Basic Macro Model zThe first examination of our primary theory and model to describe the economy...

Slide 1 The Basic Macro Model zThe first examination of our primary theory and model to describe the economy and predict effects. zThe model itself is known as the Aggregate…

Documents The Basic Macro Model

The Basic Macro Model The first examination of our primary theory and model to describe the economy and predict effects. The model itself is known as the Aggregate Demand-…