Examlex
The term "base salary" acquires a somewhat different meaning when employees go abroad.
Expansionary Gap
A situation where the total demand in an economy exceeds its potential output, leading to inflationary pressures.
Recessionary Gap
A situation in which the real GDP is lower than the potential GDP, leading to unemployment and underutilized resources.
Supply Shock
A supply shock is an unexpected event that suddenly changes the supply of a product or commodity, leading to sudden changes in its price.
Recessionary Gap
A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating underperformance in the economy.
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