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What Are Some of the Ways Scientists Communicate with Each

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What are some of the ways scientists communicate with each other?


Definitions:

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were fully employed, indicating underperformance.

Expansionary Gap

A situation in an economy where total spending exceeds the production capacity, leading to inflationary pressures and a rise in output.

Effectiveness Lag

The time needed for changes in monetary or fiscal policy to affect the economy

Decision-making Lag

The delay between the identification of a need for a policy response and the implementation of the decision.

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