contestada

If an economy moves into an inflationary period, causing that country to produce more than potential gdp, then?

Respuesta :

Automatic stabilizers will cause tax revenue to increase and government spending to decrease.

An economic system is a place of production, distribution, and change, in addition to consumption of products and services. In general, it is defined as a social domain that emphasizes the practices, discourses, and cloth expressions associated with the manufacturing, use, and management of scarce assets'

The great Inflation becomes the defining macroeconomic duration of the second one 1/2 of the twentieth century. Lasting from 1965 to 1982, it led economists to rethink the guidelines of the Fed and other central banks.

Gross domestic product (GDP) is an economic measure of the market cost of all the final goods and offerings produced in a selected time period by using countries. due to its complicated and subjective nature, this measure is often revised earlier than being taken into consideration as a reliable indicator.

Learn more about inflation here: https://brainly.com/question/1082634

#SPJ4

ACCESS MORE