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Over the past ten years, the full extent of the current economic recovery, the United States economy grew at a modest 2.2 percent compound rate of growth. No one has been particularly happy about this rate of growth, especially the politicians.
But, the growth rate is what it is.
The basic reasons for this modest growth rate come from the supply side of the economy…and not the demand side.
In most of the research on this topic, two major factors contribute the most to this growth rate: by historical standards, the rate of growth of