When actual output exceeds the long-run potential of economy, Microeconomics

When actual output exceeds the long-run potential of economy

Problem

When the actual output exceeds the long-run potential of the economy, how will the self-correcting mechanism direct the economy to long-run equilibrium? Why can-t the above-normal output be maintained?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: When actual output exceeds the long-run potential of economy

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Microeconomics: When actual output exceeds the long-run potential of economy

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