Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch

Exercise 15

Throughout the 19th and 20th centuries, the U.S. economy experienced frequent ups and downs, but over the past 200 years, the real GDP in the U.S. rose from roughly $8.2 billion to over $16.1 trillion, an increase by a factor of nearly 2,000 times. 1 This growth represents a change in which curve?