What happens to poorland’s potential gdp

Reference no: EM131353975

1. If an earthquake destroys some of the factories in Poorland, what happens to Poorland's potential GDP? What happens to Poorland's potential GDP if it acquires some new advanced technology from Richland and starts using it?

2. Why is it not as terrible to become unemployed nowadays as it was during the Great Depression?

Reference no: EM131353975

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