Term paper house

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In the longer term, the most pressing economic challenges for the . economy concern how to provide satisfactory living standards growth for the vast majority of people. Such growth requires two components: rapid overall productivity growth, and a stabilization (or even reversal) of the large rise in income inequality that occurred in the three decades before the Great Recession, a rise in inequality that kept overall productivity growth from translating into living standards growth for most Americans.

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In the longer term, the most pressing economic challenges for the . economy concern how to provide satisfactory living standards growth for the vast majority of people. Such growth requires two components: rapid overall productivity growth, and a stabilization (or even reversal) of the large rise in income inequality that occurred in the three decades before the Great Recession, a rise in inequality that kept overall productivity growth from translating into living standards growth for most Americans.