Answer to Question #39193 in Macroeconomics for Alyssa

Question #39193
The Potential Growth line from the Business Cycle shows a slow and steady increase in Real GDP. Why do ecomonomists prefer to measure Economic Growth in "Real" terms instead of "Nominal" terms? Why is a slow and steady growth rate prefered to a faster growth rate?
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Expert's answer
2014-02-18T10:21:24-0500
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