C_-_Growth_Development_011111_Annotated1

C_-_Growth_Development_011111_Annotated1 - Part II Growth...

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Part II Growth and Development UCLA Winter 2011 Professor Mark Wright
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US Living Standards 0 10,000 20,000 30,000 40,000 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 Great Depression World War II First oil price shock Second oil price shock long-run upward trend… 9/11/2001
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