Examlex
The descending colon of the large intestine extends from the left lumbar region into the left iliac region.
Equilibrium Output
The level of output where the quantity of goods and services produced equals the quantity of goods and services demanded.
Expansionary Gap
A situation in macroeconomics where the actual output in an economy exceeds the potential output, traditionally leading to inflation.
Actual Price Level
The current market prices of goods and services, reflecting the real value of money and the purchasing power of consumers.
Recessionary Gap
The difference between real GDP when the economy is in a recession and the GDP at full employment, indicating underutilized resources.
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