Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Question
Chapter 9, Problem 7E
a)
To determine
The potential output in 2018.
b)
To determine
The changes in the actual output, potential output, short-run output, and the growth rate of actual output when the potential output grows at a constant annual rate.
c)
To determine
State the situation of economy.
d)
To determine
The comparison of answer in Part c with the last column of the table.
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