Examlex
The fermentation process to form an ale requires a different species than those used in making lagers.
Equilibrium GDP
The level of Gross Domestic Product (GDP) at which aggregate supply equals aggregate demand.
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.
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