Examlex
If a judge makes a clearly incorrect decision in a case (called "gross error of law") he or she may be liable for the damages caused.
Aggregate Demand
The entirety of consumer and business demand for goods and services in an economy, assessed at an overall price level within a defined time span.
Decrease
A reduction in the quantity, size, or extent of something.
Output Levels
The quantities of goods and services produced by an economy over a specific time period.
Recessionary Gap
A situation where actual economic output is lower than the output that would be achieved at full employment, indicating underutilized resources.
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