report from the Congressional Budget Office (CBO) noted, “Real potential GDP is the maximum sustainable output of the economy adjusted to remove the effects of inflation.” In early 2017, the CBO...

report from the Congressional Budget Office (CBO)

noted, “Real potential GDP is the maximum sustainable

output of the economy adjusted to remove the effects of

inflation.” In early 2017, the CBO estimated that the gap

between real GDP and potential GDP would fall from