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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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