Potential Output

Using your economic knowledge on long-term growth, provide your brief insights into the ingredients that an economy needs for achieving ongoing improvements in its productive capacity and economic prosperity over the long-run.

Topic: Macroeconomics 1 What has been the impact of the COVID-19 pandemic on the economy? Identify two specific ways that the COVID-19 pandemic shocked the economy at some point during the COVID-19 pandemic, applying your AD-AS model. The shock could have occurred at any point of the pandemic. For each of the two shocks that […]

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