When actual output exceeds an economys full-employment output, how will the self-correcting mechanism direct the economy to
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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 above normal output be maintained?
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When actual output exceeds an economys fullemployment output the economy is operating beyond its capacity and resources such as labor and capital are ...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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