An article in The Economist magazine noted that 'the economy's potential to supply goods and services [is] determined by such things as the labour force and capital stock, as well as inflation expectations'. Do you agree with this list of the determinants of potential GDP? Briefly explain.

An article in The Economist magazine noted that 'the economy's potential to supply goods and services [is] determined by such things as the labour force and capital stock, as well as inflation expectations'. Do you agree with this list of the determinants of potential GDP? Briefly explain.

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter9: An Introduction To Basic Macroeconomic Markets

Section: Chapter Questions

Problem 13CQ

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