Use the figure below to answer the following question.
Figure 26.3.4
-If real GDP is greater than potential GDP,we would expect
Definitions:
Retail Sales
Transactions of goods or services from businesses to end consumers.
United States
A country located in North America, comprising 50 states and known for its significant impact on global culture, economy, and politics.
Gasoline Stations
Retail outlets that sell fuel for motor vehicles, often offering other services like car washes or convenience store goods.
Retailing
The sale of goods and services directly to consumers for personal, non-business use.
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