Examlex
In the accompanying figure, ____ is used as a measurement.
Deflationary Gap
A situation in economics where actual production is lower than the potential output level, often resulting in unemployment and unused productive capacity.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand in an economy.
Full Employment GDP
The output level produced by the economy when all available resources are efficiently employed, representing potential GDP under full employment.
Multiplier
In economics, a factor that quantifies the impact of spending changes in an economy, particularly the increase in income or economic activity resulting from an injection of spending.
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