Examlex
A practitioner who is hired to see patients while the regular practitioner is away from the practice is referred to by the legal term ________.
Corporate Profits
The surplus income of corporations after all expenses have been met, indicative of corporate health.
Inflationary Gap
Occurs when equilibrium GDP is greater than full-employment GDP.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand, indicating a stable economy with no tendency for change in the price level or output.
Multiplier
Any change in spending (C, I, or G) will set off a chain reaction leading to a multiplied change in GDP. Equation is 1/(1 - MPC).
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