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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? Economics Assignment Help, Economics Homework help, Economics Study Help, Economics Course Help
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Explain the relationship between real GDP and potential GDP during the two phases of the business cycle
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