Explain how the value of real GDP relative to natural real GDP can be used by policymakers

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Explain how the value of real GDP relative to natural real GDP can be used by policymakers to decide how to change the values of the target variables.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:04 AM

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Explain how the value of real GDP relative to natural real GDP can be used by policymakers

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When real GDP is above natural real GDP there is a tendency for the inflation rate to rise Similar...View the full answer

Macroeconomics

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