Business, 11.03.2020 23:55 genyjoannerubiera

Potential output is not purely a physical measure based on the number of workers and existing factories because: workers may be willing to work for less than they are paid. the value of machinery may fluctuate. factories may be technologically obsolete. workers may be replaced by machines.

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Potential output is not purely a physical measure based on the number of workers and existing factor...