Question: For what possible reasons may one country experiences a persistently
For what possible reasons may one country experiences a persistently faster rate of economic growth than another?
Answer to relevant QuestionsWhy will investment affect both actual (short-term) growth and the long-term growth in potential output? What will be the implications if these two effects differ in magnitude?If everyone’s incomes rose in line with inflation, would it matter if inflation were 100 per cent or even 1000 per cent per annum?Criticize the classical theory that higher government spending will necessarily crowd out private spending.What factors could explain why some countries have a higher multiplier than others?If the government reduces the size of its public-sector net cash requirement, why might the money supply nevertheless increase more rapidly?
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