ME HW 4.3

3. This table displays the United States' potential and actual output for six select months between 1960 and 2012. _ Calculate short-run output for each period. In which year/month does the economy have the largest boom? Largest recession? Actual Potential, YcuMonth Output Output 1966.01 . 3,812 . 3,573 1923.04 4,928 4,71? 1975.04 4,828 5,082 1982.10 5,866 6,382 2000.04 1 1,249 10,860 2009.04 12,701 13,719 2012.10 13,665 14,505