Examlex
As the most powerful nation-states of their time,these two nation-states were responsible for playing a key role in maintaining the balance of power after the Congress of Vienna in 1815.
Full Employment GDP
The total market value of all final goods and services produced at a time when all available resources are fully employed.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.
Business Cycle
The fluctuating levels of economic activity over time, including periods of expansion, peak, recession, trough, and recovery.
Recessionary Gap
A situation in an economy where the actual output is less than the potential output, indicating underutilized resources and unemployment.
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