Examlex
For a pure gas sample, the average kinetic energy is also the most probable kinetic energy.
Potential Output
The highest level of real GDP that an economy can achieve when it is operating at full capacity, without causing inflation.
Recessionary Gap
A situation where an economy's real GDP is lower than its potential GDP, leading to underutilized resources and higher unemployment.
Potential Output
The maximum amount of goods and services an economy can produce when it is using all of its resources efficiently.
Deadweight Loss
A loss of economic efficiency that can occur when the equilibrium for a good or a service is not achieved or is not achievable, often due to market failure or intervention.
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