Economic Growth in the Short-run and Long-run

In this lesson we'll have a close look at two different types of economic growth: short-run "actual" growth and long-run "potential" growth. We'll illustrate the two types of growth in both a PPC and an AD/AS model and discuss the sources of economic growth.
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[@terencemitchell8062]

This is the best video I have found on explaining long=term economic growth. I have been teaching Economics for many years now, and I keep coming back to this key resource.

[@victorokechukwu6896]

This was very helpful

[@sarikhakartika]

thanks, really helpful!

[@jorgetamayo4833]

how about when the economy is in an inflationary gap and y1 > yfe? How do you illustrate that point on a ppc?

[@kajinashrestha3458]

really really helpful.

[@Bharatiy_175]

Hi 2024 ❤

[@kaitinghung8188]

Me gg

[@jansasha2628]

love it!

[@putynaulita2811]

Very best explanation, thank you very much!

[@christinaday2647]

Thank you !