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MOST contemporary macroeconomic models are built around the idea of "equilibrium". Put crudely, this means that an economy expanding at its "potential" (a very woolly concept) will keep growing at the same pace unless it is disturbed.
Building a better model 
Added 2 years ago by Francis Tseng
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Building a better model 
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MOST contemporary macroeconomic models are built around the idea of "equilibrium". Put crudely, this means that an economy expanding at its "potential" (a very woolly concept) will keep growing at the same pace unless it is disturbed.
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