Why do we care about the size of the long-run growth rate, Microeconomics

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Why do we care about the size of the long-run growth rate

Problem

Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about the size of the long-run growth rate of real GDP relative to the size of the growth rate of the population?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why do we care about the size of the long-run growth rate

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Microeconomics: Why do we care about the size of the long-run growth rate

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