Examlex
What are the advantages to publishing marketing research reports on the Web?
Potential Output
The maximum amount of goods and services an economy can produce when it is fully employing its resources.
Aggregate Demand
The total demand for all goods and services in an economy at various price levels, over a specific time period.
Expansionary Gap
A situation where the actual output in an economy is higher than the potential output, often leading to inflation.
Potential GDP
The maximum output an economy can achieve when all resources are used efficiently and effectively, without causing inflation.
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