Fifth is an over-reliance on the output gap - the difference between the level of output and an estimate of what is sustainable - in forecasting. That allowed policymakers to believe everything was fine in the economy, because inflation was under control and growth was not excessive.
第五是在預測中過度依賴於產出缺口，即產出水準與可持續產出預期之間的差距。這使得政策制定者相信，經濟中一切情況良好，因爲通膨得到了控制，成長也未過度。
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