Potential output is the economy's maximum sustainable output; occurs when the natural rate of unemployment exists; occurs when full employment exists
{"Image DocumentName": "Potential output is the economy\u2019s maximum sustainable output; occurs when the natural rate of unemployment exists; occurs when full employment exists", "Image ImageDescription": "Potential output is perhaps best thought of as the 3% growth rate discussed earlier. Actual output can be greater than or less than potential; again, think about the actual growth rate.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}