Examlex
If a taxpayer receives an early distribution from an IRA due to disability, he or she will not be subject to a penalty.
Active Government Intervention
The involvement of the government in the economy to correct market failures, redistribute resources, or stabilize the economy.
Fiscal Policy
Government policies regarding taxation and spending that are used to influence economic conditions, including levels of employment, inflation, and economic growth.
Stagflation
An economic condition characterized by stagnant growth, high unemployment, and high inflation.
Potential Output
The maximum amount of goods and services an economy can produce when it utilizes all of its resources efficiently, without causing inflation.
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