Define potential output. Is it possible for an economy to produce an amount greater than potential output?

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Define potential output. Is it possible for an economy to produce an amount greater than potential output? Explain

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:37 AM

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Define potential output. Is it possible for an economy to produce an amount greater than potential output?

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Potential output or potential GDP is the maximum sustainable amount of ou...View the full answer

Principles of Economics

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