Macroeconomics: Private and Public Choice
Macroeconomics: Private and Public Choice
15th Edition
ISBN: 9781285453545
Author: Russell Sobel; Richard Stroup; James Gwartney; David Macpherson
Publisher: South-Western College Pub
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Chapter 9, Problem 7CQ
To determine

Explain the reason why it is possible for the economy to temporarily achieve output levels beyond the long-run potential level. 

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