Policy makers talk about the capacity of the economy to grow. What specifically is meant by the

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Policy makers talk about the “capacity” of the economy to grow.

What specifically is meant by the “capacity” of the economy?

How might capacity be measured? In what ways is capacity limited by labor constraints and by capital constraints? What are the consequences if demand in the economy exceeds capacity?

What signs would you look for?

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Principles Of Economics

ISBN: 9780593183540

10th Edition

Authors: Case, Karl E.;Oster, Sharon M.;Fair, Ray C

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Question Posted: Nov 12, 2024 09:01 AM

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Policy makers talk about the capacity of the economy to grow. What specifically is meant by the

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Principles Of Economics

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