Examlex
All of the following are types of ability tests EXCEPT for
Fiscal Policy
Government policies related to taxation and spending that aim to influence economic conditions.
Political Compromises
Agreements reached by conflicting parties in which concessions are made by all involved to achieve a mutual solution.
Inflationary Gap
The situation where the total demand in an economy exceeds the total supply, leading to higher prices and inflation.
Equilibrium GDP
Equilibrium GDP is the level of output where aggregate demand matches aggregate supply, resulting in a stable economy without tendencies to change.
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