Examlex
Complete performance recognizes that a contracting party has fulfilled every duty required by a contract.
Active Approach
A strategy, especially in investing or management, where decisions are made based on hands-on involvement and regular assessment of conditions.
SRAS Curve
Short-Run Aggregate Supply Curve represents the relationship between the total supply of goods and services produced by a country and the price level in the short term, holding wages and input prices constant.
Active Approach
A strategy involving regular and direct intervention or actions to achieve a particular goal or outcome.
Recessionary Gap
A situation where the real GDP is lower than the potential GDP, indicating underutilized resources in an economy.
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