BUS702- Chad Syverson writes, “Since economic growth requires productivity growth,…

Chad Syverson writes, “Since economic growth requires productivity growth, if we don’t figure out why this (slowdown in productivity growth) is happening and how to fix it, we won’t get sustained increases in GDP per capita”. By using the AD-AS (aggregate demand-aggregate supply) framework, explain Chad Syverson’s statement regarding the importance of productivity growth.

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