What is difference between actual GDP & potential GDP? If actual GDP > Potential GDP are...

What is difference between actual GDP & potential GDP?

If actual GDP > Potential GDP are we in boom (expansion) or bust (recession)?

If actual GDP > potential GDP is unemployment higher than NAROU or lower?

What is the danger of actual GDP > potential GDP?

The economy can avoid this danger if what happens?

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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