21-6
The Fruits of Lon
g-
Run Growth in America
The Fruits of Lon
g-
Run Growth in America
Americans have become able to afford many more material goods over time thanks to lon
g-
run economic growth.
Source:
W. Michael Cox and Richard Alm, “How Are We Doing?”
The America
n (July/August 2008).
http://www.american.com/archive/2008/jul
y-
augus
t-
magazin
e-
contents/ho
w-
ar
e-
w
e-
doing
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