Why do we measure short-run output Y in percentage terms rather than in dollar terms?

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Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

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Question Posted: Feb 25, 2016 06:30 AM

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Why do we measure short-run output Y in percentage terms rather than in dollar terms?

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One reason is that the size of the shortrun output fluctuations tends to be constant ...View the full answer

Macroeconomics

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