For the first time in a decade, the U.S. economy is operating at its full potential https://www.wsj.com/articles/u-s-gdp-growth-revised-up-to-3-3-rate-in-third-quarter-1511962566 …pic.twitter.com/oMSIiwPSgG
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What is happening when we "cross" the potential GDP into the, for lack of a better word, impossible GDP?
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GDP usually expands beyond potential late in a business cycle. It's rare to stay above potential for more than a couple years, but it has happened before as in the late 1990s.
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Thanks. So it can be caused by an expansion of credit or purchase of goods for future delivery?
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