Under what circumstances would potential output (i.e. a zero output gap) move further away from the full-capacity

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Under what circumstances would potential output (i.e. a zero output gap) move further away from the full-capacity output ceiling shown in Figure 15.5?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Under what circumstances would potential output (i.e. a zero output gap) move further away from the full-capacity

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This could happen if the level of equilibrium unemployment in the economy ...View the full answer

Economics

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