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Explain about the long-run economic growth.
Long-Run Economic Growth:
Secular or long-run growth is the continued upward trend into aggregate output per person over many decades.
A country can attain a permanent raise in the standard of living of its citizens only by long-run growth. Therefore a central concern of macroeconomics is what finds out by long-run growth.
Technological development is taking place at a very fast rate in all the fields like mechanical metalluringical chemical electrical and civil. These days every man is surrou
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what factors affect the volume of production in an economy
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Question 1: (a) "Money demand is inversely related to interest rates and is stable over time." Discuss the theoretical and empirical validity of this statement. (i) Analyse
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