Examlex
Which of the following is standard-definition quality video?
Contractionary Gap
A situation where the real GDP is lower than the potential GDP at full employment, indicating underutilized economic resources.
Expansionary Gap
An economic situation where the actual output exceeds the potential output, often leading to inflation.
Nominal Value of Output
The gross value of all goods and services produced, measured using current prices without adjusting for inflation.
Money Supply
The total amount of monetary assets available in an economy, including cash and deposits.
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