An opinion column in the Wall Street Journal noted that many economists expect GDP growth will be

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An opinion column in the Wall Street Journal noted that many economists “expect GDP growth will be stuck at around 2 percent in the years to come.” The columnist also noted that “productivity growth has slowed markedly in recent years, and there doesn’t seem like there is anything that can make it suddenly lurch upward.” Is there a connection between the columnist’s two observations? Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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