
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279 Exercise 8
When actual output exceeds an economy's full- employment output, how will the self-correcting mechanism direct the economy to long-run equilibrium? Why can't the abovenormal output be maintained?
Explanation
When actual output exceeds an economy's ...
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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