Question: Which of the events increase potential GDP and which decrease potential GDP? Use the following list of events that occur one at a time to

Which of the events increase potential GDP and which decrease potential GDP?


Use the following list of events that occur one at a time to work

  • The Middle East cuts supplies of oil to the United States.
  • The New York Yankees win the World Series.
  • U.S. labor unions negotiate wage hikes that affect all workers.
  • A huge scientific breakthrough doubles the output that an additional hour of U.S. labor can produce.
  • Migration to the United States increases the working-age population.


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