The maximum amount of production that can be produced while avoiding shortages of labour, capital, land and entrepreneurship that would bring rising inflation is called

Name: The maximum amount of production that can be produced while avoiding shortages of labour, capital, land and entrepreneurship that would bring rising inflation is called
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Question

Quizplus · Accepted Answer

Potential GDP is the maximum output an economy can produce without causing inflation, considering all resources are fully employed.

The Maximum Amount of Production That Can Be Produced While