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Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
Edition 13ISBN: 9780538754279 Exercise 7
Explain why it's possible to temporarily achieve output levels beyond the economy's long-run potential. Why can't the high rates of output be sustained?
Explanation
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Concept of long run potential :
Long run...
Economics 13th Edition by James Gwartney, Richard Stroup, Russell Sobel, David Macpherson
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