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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