Examlex
At the age of 2 months, infants exhibit
Expected Price Level
The anticipated average price of goods and services in an economy at a future date.
Private Sector
The part of the economy that is owned and operated by individuals and companies for profit, not controlled by the state.
Passive Approach
A management strategy that seeks to track or replicate the performance of a market index or benchmark, rather than attempting to outperform it.
Recessionary Gap
The difference between the actual output of an economy and the output it could produce at full employment.
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