In the AD/AS model, what prevents the economy from achieving equilibrium at potential output?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 04:44 AM

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In the AD/AS model, what prevents the economy from achieving equilibrium at potential output?

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Equilibrium occurs at the level of GDP where A...View the full answer

Principles Of Economics

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