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This article explores the concepts of economic growth and decline, using illustrations of the Production Possibilities Curve (PPC), Long-Run Aggregate Supply (LRAS), and Long-Run Phillips Curve (LRPC). It also discusses the impact of capital goods, consumer goods, and AD/AS on these economic phenomena. Join us on Tuesday, 11/13/18, to learn more!
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Economic Growth Illustrated Capital Goods PPC PPC1 Consumer Goods
Economic Growth Illustrated LRAS LRAS1 PL YF1 YF GDPR
Economic Growth Illustrated Long-Run Phillips Curve LRPC LRPC1 % Un Un U%
Economic Decline Illustrated Production Possibilities Curve Capital Goods PPC PPC1 Consumer Goods
Economic Decline Illustrated AD/AS LRAS1 LRAS PL YF GDPR YF1
Economic Decline Illustrated LRPC1 LRPC % U% Un Un