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12-06-2024
Business

Answered

When we study the adjustment process in macroeconomics, what assumption are we making about potential output, Y*?
a. Potential output is constant
b. Potential output is not relevant to the analysis of the adjustment process
c. Potential output is adjusting to changes in technology
d. Potential output is adjusting to changes in factor supplies
e. Potential output is adjusting to changes in factor prices

Answer :

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