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The top documents tagged [detrended output]
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We turn to short-run output, the gap between actual GDP and potential GDP Fluctuations in economic activity can be costly The rate of inflation tends to
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Summary The long-run model determines potential output and the long-run rate of inflation. The short-run model determines current output and current inflation
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Summary
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We turn to short-run output , the gap between actual GDP and potential GDP
54 views