S E34: The Boom and Bust of Business Cycles
Think Like An Economist
00:00
Can We Ever Fully Recover?
Nes: Can we ever fully recover? That's one question. Another way to think about it is to compare how much we're producing relative to how much we could sustainably produce. So compared to where we could be, i feel like your hinting at the output gap rate. Nes: The same factors that determine a country's long run growth trajectory also determine its potential output.
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