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Potential GDP

Natural Rate of Unemployment: The Explanation

Updated on September 14, 2022 by Ahmad Nasrudin

Natural Rate of Unemployment The Explanation

What's it: The natural rate of unemployment (NARU) is the unemployment rate when the economy is operating at full employment. Sometimes, it

Topic: Potential GDP, Unemployment Category: Macroeconomics

Long-Run Macroeconomic Equilibrium and Its Explanation

Updated on September 11, 2022 by Ahmad Nasrudin

Long-Run Macroeconomic Equilibrium and Its Explanation

What's it: Long-run macroeconomic equilibrium occurs when the aggregate demand curve intersects the short-run aggregate supply curve at the

Topic: Aggregate Demand, Aggregate Supply, Full Employment, Macroeconomic Equilibrium, Potential GDP Category: Macroeconomics

Potential GDP: Determinants, Importance, How to Calculate It

Updated on July 16, 2023 by Ahmad Nasrudin

Potential GDP Determinants Importance How to Calculate It

What's it: Potential GDP refers to the maximum output an economy can produce using its existing economic resources. It represents an economy's

Topic: Potential GDP Category: Macroeconomics

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