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Economists think like a timepiece when it comes to the macroeconomy, the short run, and the long run. The short-run has consumed our attention through inflation and the stock market. The long-run is affected by living standards, and labor productivity. Joe Santos explains. ....
Imagine you're navigating an obstacle course blindfolded. That's more or less how macroeconomic policy makers have had to face the past couple years. But what does that mean for folks like you and me? Joe Santos is a professor of economics and Dykhouse Scholar of Money, Banking and Regulation at South Dakota State University. ....