Examlex
A decrease in oil prices is an example of a _____ productivity shock.
Recessionary Gap
Occurs when the actual output of an economy is less than the potential output, indicating underutilized resources.
Actual Output
The actual total value of goods and services produced by an economy over a specific period.
Potential Output
Potential output refers to the maximum amount of goods and services an economy can produce when it uses its resources fully and efficiently, without prompting inflation.
Cash Conversion Cycle
A metric that expresses the duration (in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
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