If Output Is Above Potential, So That $\tilde { Y } _ { t }$

question 86

True/False

If output is above potential, so that $\tilde { Y } _ { t }$ is positive, the change in the inflation rate will be negative, so inflation will fall over time.

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Definitions:

Activity Times

Duration estimates for how long individual tasks within a project or process will take to complete.

PERT Times

Estimated durations for activities involved in a project, used in the Program Evaluation and Review Technique for planning and scheduling.

Optimistic Time

The “best” activity completion time that could be obtained in a PERT network.

Probable Time

An estimate of the amount of time that might reasonably be expected to be needed to complete a specific task or project.