A rise in productivity increases potential output, but some worry that demand for the additional output will

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A rise in productivity increases potential output, but some worry that demand for the additional output will be insufficient even in the long run. How would you respond?

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Macroeconomics

ISBN: 9781464110375

4th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Feb 28, 2024 04:01 AM

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A rise in productivity increases potential output, but some worry that demand for the additional output will

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The concern about insufficient demand for the additional output despite an increase in productivity and potential output is rooted in the concept of the demand side of the economy Here are some respon...View the full answer

Macroeconomics

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