7. Explain why its possible to temporarily achieve output levels beyond the economys long-run potential. Why cant

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7. Explain why it’s possible to temporarily achieve output levels beyond the economy’s long-run potential. Why can’t the high rates of output be sustained?

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Macroeconomics Private And Public Choice

ISBN: 9781111970628

14th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 24, 2024 10:00 AM

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7. Explain why its possible to temporarily achieve output levels beyond the economys long-run potential. Why cant the high rates of output be sustained?
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7. Explain why its possible to temporarily achieve output levels beyond the economys long-run potential. Why cant

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Macroeconomics Private And Public Choice

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