Examlex
Ricardo says that his main problem is his chemistry professor. He says that she makes his life miserable on purpose and if he could only change majors or get a different professor his life would be great. Ricardo could be described as a(n) ___________________ client.
Multiplier
In economics, a factor by which a change in spending results in an amplified change in national income and output.
Inflationary Gap
The difference between the actual output of an economy and the output it would produce without inflation, indicating an overheated economy.
Recessionary Gap
A situation where the real GDP is lower than the potential GDP at full employment, indicating underutilized resources.
Inflationary Gap
A scenario where aggregate demand exceeds aggregate supply at the level of full employment, leading to an increase in general price levels.
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