Sppose that actual output is 120 billion and potential , Econometrics

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Sppose that actual output is 120 billion and potential

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Suppose that actual output is $120 billion and potential (full-employment) output is $156 billion. What is an output gap in this hypothetical economy? Based on your estimate of the output gap, would you expect the unemployment level to be higher or lower than usual?

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Econometrics: Sppose that actual output is 120 billion and potential

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Econometrics: Sppose that actual output is 120 billion and potential

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