Over time the full-employment level of output in the United States has risen steadily.

Name: Over time the full-employment level of output in the United States has risen steadily.
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This is generally true as the potential level of output in the economy is expected to grow over time due to factors such as population growth, technological progress, and increases in capital stock. However, the actual level of employment may fluctuate due to business cycles and other economic factors.

Over Time the Full-Employment Level of Output in the United