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This chapter focuses on the nature of the macroeconomic growth process that has characterized the United States experience, and manifested itself in the changing pace and sources of the rise of real output per capita in the U.S. economy during the past two hundred years.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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free labor discourse, residential inv, hypermarket forces, labor law history, wheat boom period, nonmetropolitan industrialization, national security expenditures, redistributional taxation, mortality revolution, private domestic product, private domestic economy, national security spending, defense expend, capita output growth, individual employment relationship, interindustry wage differential, college premium, depressed industrial areas, common law model, fertility projections, intermediaries shares, northern agriculture, laggard countries, gainful workers, commercial aircraft industry
Key Phrases - Capitalized Phrases (CAPs):
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World War, New York, New Deal, Bureau of the Census, New England, Korean War, Supreme Court, Department of Commerce, Government Printing Office, Wagner Act, Journal of Economic History, Bureau of Economic Analysis, United Kingdom, American Economic Review, Cambridge University Press, Council of Economic Advisers, Urban America, Wall Street, Department of Defense, University of Chicago Press, Productivity Trends, Los Angeles, Standard Oil, East North Central, Economic Report of the President
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