Potential growth and Actual Growth difference?
Is potential growth just increase in aggregate supply while actual growth increase in aggregate demand
?
What is the fundamental difference (as brief as possible thanks)
Is potential growth just increase in aggregate supply while actual growth increase in aggregate demand
?
What is the fundamental difference (as brief as possible thanks)
Anonymous
Favorite Answer
Potential growth is what the economy can achieve at that particular time given the available resources and technology.
Actual growth is what it actually achieves.