This is an exam, two questions, each question has a 1,000-word limit. The IS-LM-

This is an exam, two questions, each question has a 1,000-word limit. The IS-LM-PC model allows us to fully understand major US macroeconomic events between 1970 and 2007”. Using illustrations of the model, explain and critically evaluate this statement Once one starts to think about the economic growth process, it is hard to think about anything else”. Use the Solow growth model to explain and critically evaluate this statement using twenty-first century evidence and data. 

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