Krugman posted this good graph of GDP growth since 1939 on his blog. It is a good teaching tool.
Showing posts with label Potential GDP. Show all posts
Showing posts with label Potential GDP. Show all posts
Friday, June 10, 2011
Wednesday, October 13, 2010
Economic Recovery and Growth
The New York Times has a good graph (shown below) of how far the economy is below the baseline of potential GDP and how long it will take the economy to get back to potential GDP under different growth rates. Dismal science once again.
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