No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

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How do you graph long run economic growth?

Posted on April 14, 2014 at 7:40 PM

Economic growth is an increase in real GDP or real GDP per capita over time. You can illustrate long run economic growth in two ways:

1) Rightward shift of the long run aggregate supply curve

2) Outward shift of a nation's production possibilities curve.

AP Macroeconomics Unit 5 Macroeconomic Theory

Categories: AP Macroeconomics, Macro Unit 5 Macroeconomic Theory

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