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Is there a recessionary gap or a boom in output

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Reference no: EM133576302

Question: Suppose that in 2020 current output equals 100, and potential GDP equals 95. Calculate short-run GDP. Is there a recessionary gap or a boom in output? Without knowing any further details, do you expect investment to have grown or decreased, compared to 2019?

Reference no: EM133576302

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