8. *When actual output exceeds an economys full-employment output, how will the self-correcting mechanism direct the economy

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8. *When actual output exceeds an economy’s full-employment output, how will the self-correcting mechanism direct the economy to long-run equilibrium? Why can’t the above-normal output be maintained?

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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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8. *When actual output exceeds an economys full-employment output, how will the self-correcting mechanism direct the economy

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Macroeconomics Private And Public Choice

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