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Chapter 16: Economic Growth
Ingredients of Growth
Production Possibilities Analysis
Accounting for Growth
Productivity and the "New Economy"
Is Growth Desirable and Sustainable?
Production Possibilities Analysis
- Growth and the PPC
- Growth in the AD/AS model
Accounting for Growth
- Labor inputs vs. labor productivity
- Technological advance
- Quantity of capital
- Education and training
- Economies of scale and resource allocation
Productivity and the "New Economy"
- Reasons for productivity acceleration
- Implications: more-rapid economic growth
Is Growth Desirable and Sustainable?
- The anti-growth view
- In defense of economic growth
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