What is the relevance of the size of the output gap in policymaking?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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Question Posted: Apr 26, 2024 02:01 AM

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What is the relevance of the size of the output gap in policymaking?

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The output gap is a key concept in macroeconomics that measures the difference between the actual output of an economy and its potential output at ful...View the full answer

Economics

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