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Federal Reserve Bank of Minneapolis: Old Ideas at Work in the New Economy

Curated by ACT

This article from the Federal Reserve Bank of Minneapolis discusses how some old ideas at that time were helping the new way of running the economy. It also tells why a change was made. (Published June 1, 2000 )

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Concepts
economics
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Additional Tags
fundamental economic concepts, new economy, old economy, specialization labor, specialization of labor, minneapolis fed: old ideas at work in the new economy, benefits of specialization, running the economy, specialized labor
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Classroom Considerations
  • Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)