Fluctuations in the pace of growth of labor productivity

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Participate in a discussion with your classmates regarding where you see the U.S. economy in its business cycle right now, as based on the economic concepts in the textbook. Now that we learned that the real business cycle results from fluctuations in the pace of growth of labor productivity and potential GDP, discuss where our economy is positioned within its business cycle. Please apply the effects of aggregate supply and aggregate demand as explained in the textbook when sharing your discussion.

Reference no: EM13817909

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