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Especially for Teachers
Terms and Theory

If you're at the Adventure web site or you visit the Adventure at the Boston Fed, you'll learn about improvements in living standards and how these improvements have come about. Sometimes we use terms and concepts that may not be familiar to everyone, and there is a whole body of economic theory that explains the improvement in living standards. We offer here a primer on the theory, glossaries about economic growth and the investment game, information on the time value of money, and a link to a newsletter issue devoted exclusively to standard of living.

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