Question: 1. Describe actual vs potential GDP using two different time periods. (p. 182/579=564) 2. Define core inflation. Why are two products removed from the

1. Describe actual vs potential GDP using two different time periods. (p. 182/579=564) 2. Define core inflation. Why are two products removed from the definition of core inflation? 3. Define hyperinflation. What is the motivation for a government to create hyperinfltion?

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