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What Is the Relationship Over the Business Cycle of Potential

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Essay

What is the relationship over the business cycle of potential GDP and real GDP?


Definitions:

Liabilities

Financial obligations or debts that a company or individual owes to others, which must be settled over time.

Creditors

Entities or individuals to whom money is owed.

Assets

Resources or items of value that an individual or organization owns or controls with the expectation that it will provide future benefit.

Resources Owned

Assets or possessions that are held by an individual, an organization, or a country.

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