What is long-run economic growth

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What is long-run economic growth, and why is it so important for a nation's economy?

Your boss is impressed with your performance over the past year and has decided to give you a 5% increase in your salary. Are you unambiguously better off with your increased salary? What factors must be considered?

Explain the difference between the consumer price index and the producer price index. Which is likely to be the first to indicate inflation?

Please explain on your own words

Reference no: EM132406077

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