During an economic boom, output exceeds potential output.
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Q145: In the long run, the level of
Q146: If actual output exceeds potential output, _
Q147: If actual output exceeds potential output, the
Q148: Adjustments in _ take the economy from
Q149: If potential output exceeds actual output, the
Q151: Name a supply shock that has affected
Q152: What are supply shocks? Explain what effect
Q153: Explain why the short-run aggregate supply curve
Q154: During an economic boom
A) actual output exceeds
Q155: Adverse supply shocks can cause a recession
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