Examlex
Compare and contrast direct and indirect transmission in infectious disease.
Expansionary Gap
A situation where the actual output in an economy exceeds the potential output due to high demand, often leading to inflationary pressures.
Short-Run Aggregate Supply
The total supply of goods and services that firms in an economy plan on selling during a short time period, given the current level of prices.
Actual Unemployment
The current level of unemployment in the economy, reflecting the number of people who are actively seeking employment but are without jobs.
Natural Rate
The level of economic activity, particularly unemployment or interest rates, that corresponds to the economy's long-term equilibrium without short-term cyclical fluctuations.
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