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Size Does Count, at Least for French Fries: Minnesota's Straight

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Size Does Count, at Least for French Fries: Minnesota's Straight River (from Water Follies: Groundwater Pumping and the Fate of America's Fresh Waters) ROBERT GLENNON
-From a sociological and particularly a functionalist perspective, Glennon's account of the process of producing potatoes for french fries demonstrates:


Definitions:

Recessionary Gap

The difference between the actual output of an economy and its potential output, occurring when the economy is underperforming.

Expansionary Gap

A situation where the actual output in an economy exceeds the potential output, often leading to inflation.

Cost-Push Inflation

Cost-push inflation is caused by an increase in the prices of production inputs like labour and raw materials, leading to decreased supply and increased cost of finished goods.

Potential Output

This refers to the maximum output an economy can produce without leading to inflation, assuming all resources are fully utilized.

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