Examlex
Assuming you know last night's minimum temperature, what weather information would you use to predict tonight's minimum temperature?
Passive Macroeconomic Policy
A strategy where the government does not intervene or adjusts its policy measures in response to economic fluctuations.
Expansionary Gap
The situation that occurs when an economy's output exceeds its potential output, indicating overheating.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced by an economy in a specific period, expressed in real terms.
Active Approach
Strategies or policies actively implemented by governments or institutions to manage economic variables or outcomes, such as inflation or unemployment.
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