Actual Output Can Exceed an Economy's Potential in Both the Short

question 141

True/False

Actual output can exceed an economy's potential in both the short run and the long run.

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Definitions:

Long Position

An investment strategy where an investor purchases an asset with the expectation that its price will rise, aiming to sell it at a higher price.

Oil Futures

Contracts for the future delivery of oil, where buyers and sellers agree on a price for oil to be delivered at a specified date in the future.

Price

The amount of money required to purchase a good, service, or asset, often influenced by factors like supply, demand, and market conditions.

Increase

A rise in the value, amount, or level of something.