Explain why its possible to temporarily achieve output levels beyond the economys long-run potential. Why cant the
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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?
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Achieving output levels beyond an economys longrun potential is indeed possible in the short run but it typically cannot be sustained due to various e...View the full answer
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Related Book For 
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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