Why Might It Be Argued That Prolonged Recessionary or Expansionary

question 101

Essay

Why might it be argued that prolonged recessionary or expansionary gaps could actually affect potential output?

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Definitions:

Entrenched Meanders

Meandering rivers or streams that have cut deeply into the landscape, creating steep banks or cliffs, often a result of a drop in base level or uplift of the land.

Regional Uplift

The upward movement of the Earth's surface over a broad area, often due to tectonic forces, leading to changes in landscape and elevation.

Low-gradient River

A river with a gentle slope, resulting in slow water movement and often meandering courses.

Downcutting

The erosional process by which a river cuts downward into its bed, deepening the river channel.