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By concentrating principally on short-run aggregate demand, the book understated the importance of the causes of long-run economic growth.
ECONOMIST: What is the role of a basic economics textbook?
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Where the candidates' positions are more clearly articulated, Mr Obama scores better on nearly every issue: promoting fiscal discipline, energy policy, reducing the number of people without health insurance, controlling health-care costs, reforming financial regulation and boosting long-run economic growth.
ECONOMIST: The Economist's poll of economists
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President Obama had the opportunity Thursday night to propose short- and long-run steps to promote economic growth.
FORBES: The President's Political Circus
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As Bob reminds us with colorful vignettes of 18th and 19th century living, nothing, but nothing, is more important to economic well being than long-run growth.
FORBES: Is US Economic Growth Now Finished?
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Similarly, a tax cut "pays for itself" if the tax cut stimulates enough extra economic growth over the long run to compensate for any short-term revenue reduction that might result.
FORBES: Magazine Article
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It reflects the long-run success of China, the impact of social programmes in Latin America and recent economic growth in Africa.
ECONOMIST: Global poverty