Macroeconomics - Economic Growth Terms
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Last updated 9:00 PM on 12/10/25
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4 Terms
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Economic Growth
An increase in the economy’s real output over time
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Short-Run Economic Growth
An increase in the real output due to a movement of the economy towards its productive potential
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Long-Run Economic Growth
an expansion in the productive capacity of the economy
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Sustainable Economic Growth
economic growth which is maintained over the long run without creating other significant economic problems
Note 
Flashcards (92)