Examlex
A Hertzsprung-Russell diagram (H-R Diagram) is a plot of ________.
Full Employment GDP
Full Employment GDP is the output level produced by an economy when all its labor and resources are employed at their maximum efficiency.
Multiplier
refers to a factor by which an initial change in spending will ultimately change the total economic output more than the initial amount.
Multiplier
In economics, a factor by which an initial change in spending will alter total economic output due to follow-on effects.
Inflationary Gap
A situation where the total demand in an economy exceeds the total supply at the current price level, often leading to inflation.
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