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What is business cycle analysis? What is an output gap? Mention the two types of output gap an economy can experience What is the potential
- What is business cycle analysis?
- What is an output gap? Mention the two types of output gap an economy can experience
- What is the potential GDP of the economy?
- What will the unemployment rate of the economy be equal to when its actual GDP equal potential GDP? How will it behave if the economy has a negative output gap?
Pls write short answers to each question
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
