Examlex
Between the mid-1970s and mid-1990s, Canada had the problem of self-perpetuating debt, having to borrow to pay interest on the national debt.
Inflationary Pressure
The upward pressure on prices that may arise from factors such as increased demand or rising costs, leading to inflation.
Seasonal Unemployment
Unemployment resulting from seasonal variations in demand or supply of labor, often seen in industries like agriculture or tourism.
Potential Level
An economic term referring to the highest level of output an economy can sustain over a long period without increasing inflation.
Actual Output
The total value of goods and services produced by an economy at a given period, also known as real GDP.
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