Examlex
If Joshua is left-handed, your best guess would be that his language abilities are localized in which part of his brain?
Economic Policy
Actions taken by governments or central banks to influence the economy, including decisions on monetary policy, fiscal policy, and regulatory measures.
Recession
A sharp drop in the overall economic activities, enduring more than a couple of months, commonly reflected in key metrics including real GDP, real income, job numbers, output of the industrial sector, and transactions in the wholesale and retail markets.
Recessionary Gap
A situation where actual economic output is lower than the potential output, indicating underutilized resources and unemployment.
Potential GDP
The highest level of economic output that an economy can sustain over a long period without causing inflation.
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