Examlex
Simplify by combining like terms:
Inflationary Gap
A situation where the demand for goods and services exceeds the supply, leading to inflation and an overheating economy.
Fiscal Policy
Alterations in expenditure and taxation by the government to control and impact the country's economic conditions.
National Debt
The sum of funds a nation's government has accumulated in debt, often due to spending more than its budget allows.
GDP
Gross Domestic Product represents the overall market value of all end products and services made inside a nation over a certain timeframe.
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