1. Explain how supply-side explanations of the determinants of saving, investment, and capital formulation differ from those of classical economists. 2. Outline recent (post-1998) trends in U.S....

1. Explain how supply-side explanations of the determinants of saving, investment, and capital formulation differ from those of classical economists.

2. Outline recent (post-1998) trends in U.S. growth rates in GDP and labor productivity. What are the possible factors responsible for these trends?