Explore how aggregate demand and GDP connect and differ, using insights from Keynesian economics to understand macroeconomic ...
A recent investment bank research article suggested that generative AI could drive a 7% uptick in global GDP. What if, though, such statements were a kind of category error? What if AI were so ...
“The evolution of potential output (or the ‘supply-side’) is the most important determinant of long-term economic prospects, is a key driver of our economic and fiscal forecasts and has been a major ...
But it’s far from perfect. GDP is a poor measure of welfare. It tallies up all the goods and services produced in an economy—putting equal value on $100 whether it’s spent on concert tickets or ...
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