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The appraisal process takes place in two steps,establishing and communicating expectations for performance.
Recessionary Policy
Economic policies implemented to combat recession, often involving increased government spending and decreased taxation.
Aggregate Demand
The entire market's craving for goods and services within an economic territory, calculated at a fixed price level and within a set timeline.
Expansionary Gap
A situation in an economy where the real GDP is higher than the potential GDP, often leading to inflation.
Active Approach
A strategy, especially in investing or management, where decisions are made based on hands-on involvement and regular assessment of conditions.
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