Describe the factors that affect long run economic growth Apply these factors in an AS AD framework Describe the mechanisms through which monetary policy and fiscal policy affect the economy Apply these mechanisms in an AS AD framework Discuss the tradeoff between affecting the economy in the short...

Factors Affecting LongRun Economic Growth 1 Technological Progress Advancements in technology enhance productivity and drive economic growth 2 Human C ...

Describe the factors that affect long-run economic growth Apply these factors in an AS/AD framework Describe the

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Describe the factors that affect long-run economic growth
- Apply these factors in an AS/AD framework
Describe the mechanisms through which monetary policy and fiscal policy affect the economy
- Apply these mechanisms in an AS/AD framework
Discuss the tradeoff between affecting the economy in the short run and in the long run.