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The Real Economy in the Long Run - Coggle Diagram
The Real Economy in the Long Run
Production and Growth
Productivity
Higher Capital Slower Growth
Diminishing Returns
Savings Slowing Down Capital, Productivity, and Income Rise Over Time
GDP Growth
Population Growth
Increase in Technological Progress
Human and Physical Capital
Natural Resources Stretched
Saving, Investment, and the Financial System
Savings and Borrowing
Stock Market
Banks
Mutual Funds
Interest Rates
Supply and Demand
National Savings
Budget Surplus vs. Deficit
Private Savings vs. Public Savings
Market for loanable Funds
Compounding
Diversification
The Basic Tools of Finance
Present Value
Risk Aversion
Market Risk
Efficient Markets Hypothesis
Unemployment
Frictional Unemployment
Discouraged workers
Minimum Wage Jobs
Market Power of Unions
Theory of Efficiency Wages
Structural Unemployment