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Place your graphing calculator in parametric and degree modes. Set the window for Tmin=0, Tmax=360, Tstep=1, Xmin= . Set the functions to . Graph the circle of radius 1 on the screen. Use the trace feature to move a short distance around the circle.
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Recessionary Gap
The difference between the actual output of an economy and its potential output, occurring during periods of economic downturn.
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.
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