Question:
Where will the Long Run Growth be in the Economic Cycle?
Author: eric_galvaoAnswer:
-The Econoic Cycle is the cycle between Booms and Recessions. The Long Run Growth is the overall Increase in th Trend Rate Growth, which is basically the Direction of where GDP is heading as time Progresses. [Average Rate of Economic Growth]
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![-The Econoic Cycle is the cycle between Booms and Recessions. The Long Run Growth is the overall Increase in th Trend Rate Growth, which is basically the Direction of where GDP is heading as time Progresses. [Average Rate of Economic Growth]](https://markdown.memory.com/eq_uploads/1110385/question_image_e438e2aa-0ddc-4f8e-b47c-cfaabe9c25d1.jpg)
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eric_galvao