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Explain the relationship between real GDP and potential GDP during the two

Explain the relationship between real GDP and potential GDP during the two phases of the business cycle



1) Explain the relationship between real GDP and potential GDP during the two phases of the business cycle.
2) Explain the relationship between potential GDP and real GDP in the United States since the
early 1960s. You do not need to tell what happened during any specific year; just describe the
general relationship.
3) What is a business cycle?



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26 May 2016

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  1. Genius

    Explain the relationship between real GDP and potential GDP during the two phases of the business cycle

    Explain the relationship between real GDP and potential GDP during the two phases of the business cy ****** ******
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