Examlex
Observing the comments made by travelers waiting in a check-in line at the American Airlines ticket counter in Chicago is an example of what type of observation?
Multiplier
In economics, a factor by which an initial change in spending will alter total economic output due to follow-on effects.
Inflationary Gap
A situation where the total demand in an economy exceeds the total supply at the current price level, often leading to inflation.
Equilibrium GDP
The level of Gross Domestic Product where aggregate supply equals aggregate demand, indicating a balance in an economy's output and expenditures.
Full Employment GDP
The total market value of all final goods and services that could be produced in a year at full employment.
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