The Recovery from the Great Recession is over. What Happens Next?
It’s time for a new perspective. The Great Recession that began in 2008 was deep and long, and the recovery that began in 2009 has now finally concluded. The large gap between what is being demanded, measured in terms of GDP spending, has now caught up with the economy’s ability to produce, which is called Potential GDP. Potential GDP has a particular meaning: it is the maximum level of economic output that can be produced without pushing up the price of labor and capital inputs to a point that would cause producers to mark up the prices of output. More … Continue reading—>
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Source: http://thespellmanreport.com/2018/11/19/the-recovery-from-the-great-recession-is-over-what-happens-next/
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