Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about

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Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?

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Macroeconomics

ISBN: 978-1319120054

3rd Canadian edition

Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson

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Question Posted: Jan 23, 2022 10:59 AM

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Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about

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Longrun economic growth is the sustained upward trend in the e...View the full answer

Macroeconomics

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