Suppose an economist stated that Brazil had achieved its potential GDP 2008.This would imply that at this level of real GDP, Brazil experienced

Question

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If Brazil had achieved its potential GDP in 2008, that would mean that the economy was producing at full employment, with no cyclical unemployment. This would also imply that inflation was stable and not accelerating since there were no excess demand pressures in the economy.

Suppose an Economist Stated That Brazil Had Achieved Its Potential