A politician makes the following comment: The fundamentals of our economy are very strong. According to market
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A politician makes the following comment: “The fundamentals of our economy are very strong. According to market economists, we are producing more than anyone expected and even beyond what they call our potential output. My goal is to guarantee that we continue to produce more than our potential output throughout the next few decades.” In the long run, do you think the politician could achieve this goal? Explain your reasoning.
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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