The behavior of the output gap the fluctuations of output
Suppose the growth rate of potential output rises. The behavior of the output gap (the fluctuations of output around potential) does not change. Do NBER recessions become more or less common? Explain.
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suppose the growth rate of potential output rises the behavior of the output gap the fluctuations of output around
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suppose the fed raises the real interest rate and consumer confidence falls around the same time as occurred in
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