Examlex
When using a logical AND (or a logical OR), are the expressions to both sides of the && (or || ) always evaluated? Explain.
Recessionary Gap
A situation where the real GDP is lower than the potential GDP, indicating underutilized resources in an economy.
Real GDP
A measure of the value of all goods and services produced by an economy over a specific time period, adjusted for inflation.
Expansionary Gap
A situation where the output of an economy exceeds its potential output, typically characterized by high demand and inflation.
Passive Approach
A strategy of minimal interference or intervention, often referring to investment strategies or management styles.
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