GDP growth averages 3-3.5% per year over the long run with large fluctuations in the short run.
Okuns Law: the negative relationship between GDP and unemployment. Y/Y=3-2u
Leading Economic Indicators: Published monthly by the Conferen
Saving minus investment equals net exports which equals Net Capital Outflow.
r* = world interest rate
if r* increases, Nx also increases.
If r* increases, I decreases. (Higher interest rate means