Examlex
If the demand for a good falls when income falls,then the good is called a(n)
Potential GDP
The maximum output an economy can achieve when utilizing all its resources efficiently, without causing inflation.
Fiscal Policy
Fiscal Policy involves government spending and taxation decisions intended to influence economic activity, targeting issues like unemployment and inflation.
Economic Stabilization
Economic stabilization refers to government or central bank policies aimed at maintaining steady economic growth, minimizing unemployment, and stabilizing prices to prevent excessive inflation or deflation.
Lags
Delays between the time a policy is enacted and the time when its effects are felt in the economy.
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