Examlex
If the U.S. Treasury is forced to sell bills and bonds to foreigners to finance deficits, this may ________ the price of bonds and ________ the interest rates on the bonds.
Full Capacity
The maximum level of output that a company can sustain over a period without increasing long-term costs, often achieved by optimizing the use of resources.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand within an economy.
Full Employment GDP
The output level of an economy when all available resources are employed efficiently, corresponding to a situation with no cyclical unemployment.
Classical Range
In economics, refers to the level of output where all resources are fully employed, and prices are flexible, historically associated with the Classical theory of economics.
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