An article in the Economist magazine noted: the economys potential to supply goods and services [is] determined by such things as the labour force and
An article in the Economist magazine noted: “the economy’s potential to supply goods and services [is] determined by such things as the labour force and capital stock, as well as inflation expectations.” Do you agree with this list of determinants of potential GDP? Briefly explain.
Source: “Money’s Muddled Message,” Economist, May 19, 2009.
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Authors: R Glenn Hubbard ,Anthony Patrick O'Brien
1st Edition
013255352X, 978-0132553520
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